Kuantum Papers' board seeks shareholders approval to raise authorised Share Capital

Kuantum Papers has now informed that the Board of Directors of the Company at its meeting held on May 26, 2012, has recommended to the shareholders the increase of authorised share capital from existing Rs. 20,00,00,000 divided into 1,75,00,000 Equity Shares of Rs. 10 each and 25,00,000 Redeemable Preference Shares of Rs. 10 to Rs. 35,00,00,000 divided into 2,50,00,000 Equity Shares of Rs. 10 each and 1,00,00,000 Redeemable Preference Shares of Rs. 10 each.

The above information is part of company’s filing submitted to the BSE.