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Khandelwal Extractions informs about outcome of Board Meeting

13 Feb 2014 Evaluate

Khandelwal Extractions has informed that the Board of Directors of the Company at its meeting held on February 12, 2014, has approved for issue of 5000 - 12% Cumulative Redeemable Preference Shares of Rs 100 each aggregating Rs 5 lacs and the proceeds there of to be utilized in redemption of existing 5000 10% cumulative Redeemable Preference shares of Rs 100 each for aggregate amount of Rs 5 lacs due for maturity on March 01, 2014. Pursuant to the consent accorded by shareholders in their meeting held on September 28, 2013 new CRP shares are to be issued on private placement basis and are non convertible and shall also not be listed.

The above information is a part of company’s filings submitted to BSE.

Khandelwal Extractn Share Price

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