KJMC Financial Services has informed that a meeting of the Board of Directors of the Company will be held on January 10, 2014, inter alia, to consider and approve issue and allotment of 0% Compulsory Convertible Preference shares ('GCPS') of Rs. 100/- each to KJMC Corporate Advisors (India) Limited, a promoter group company on preferential basis which shall be Compulsorily convertible into equity shares of the Company at a price determined in accordance with the SEBI ICDR Regulations.
The above information is a part of company’s filings submitted to BSE.