Shivalik Bimetal Controls has informed that the board of directors of the company at its meeting held on January 07, 2013 has proposed to issue equity shares to the equity shareholders for an amount up to Rs. 1500 lakhs on rights basis along with one detachable warrant for every one equity share offered in the issue.
Further, the board has accepted resignation of G. C. Prabhu from the directorship of the company.
The above information is a part of company’s filings submitted to BSE.