Hillock Agro Foods India has informed that the Board of Directors of the Company at its meeting held on May 17, 2013, has transacted the following businesses:
1. The Board approved issue of new shares pursuant to reduction of share capital of the Company from Rs. 4,01,06,000 to Rs. 1,20,31,800 (3 new shares for every 10 shares held in the Company to the members whose name appear in the Register of Members as on record date, i.e. May 14, 2013).
2. The Board has also made allotment of 36,00,000 equity shares of Rs. 10 each at premium of Rs. 9.67 aggregating to Rs. 7,08,12,000 to the 19 shareholders of Transferor Company pursuant to Scheme of Arrangement as approved by the Honble High Court of Gujarat.
The above information is a part of company’s filings submitted to BSE.
