Shriram Asset Management Co has informed that Board at its meeting held today has considered and approved the reclassification and increase in the the Authorised Share Capital to Rs 1,27,00,00,000 divided into 2,30,00,000 equity shares having the face value of Rs 10 each, 50,00,00,000 compulsory convertible preference shares having the face value of Re 1 each and 54,00,000 redeemable non-convertible preference shares having the face value of Rs 100 and consequently amendment to Clause V of the Memorandum of Association of the Company subject to the approval of shareholders.
The above information is a part of company’s filings submitted to BSE.
