Bedmutha Industries informs about outcome of preferential allotment committee meeting

Bedmutha Industries has informed that the Preferential Allotment Committee at its meeting held on September 06, 2016, has allotted 1,500,000 Equity Shares at price of Rs 15.50 per equity share to its proposed allottees. Further, the allotment of above Equity Shares shall rank pari-passu with the existing Equity Shares of the Company and shall be entitled to dividend and corporate benefits, if any declared by the Company after the allotment.

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