Shyamkamal Investments has informed that the Board of Directors of the Company at its meeting held on September 23, 2013, has considered and approved, subject to the approval of members and appropriate authorities, to issue and allot 1,00,00,000 Equity Shares of the Company at the price of Rs 10 each to the Promoters and other Strategic investors on preferential allotment basis pursuant to Section 81 (1A) of the Companies Act, 1956 and as per the SEBI (Issue of Capital and Disclosure Requirement) Regulation, 2009.
The above information is a part of company’s filings submitted to BSE.