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| Exchange Disseminated Time | Peacock Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 20, 2013, in pursuance of the Revival Scheme Sanctioned by the Board for Industrial and Financial Reconstruction (BIFR) on June 25, 2013 and in compliance thereof, inter alia, took the following decisions :
1. Authorised Share Capital:-
- To sub-divide the face value of Equity Share of Rs. 10/- each to Rs. 4/- per share. Consequent upon the authorized share capital will change from Rs. 25,00,00,000/- divided into 2,50,00,000 number of Equity Shares of Rs. 10/- each Rs. 25,00,00,000/- divided into 6,25,00,000 number of Equity Shares of Rs. 4/- each.
2. Paid up Capital:-
- To reduce (de-rate) the paid up capital of the Company from Rs. 1550 lacs divided into 1,55,00,000 number of equity shares of Rs. 10/- each to Rs. 620 lacs divided into 1,55,00,000 number of equity shares of Rs. 4/- each.
3. Preferential allotment :
- Further issue of share capital by way preferential allotment of 2,32,50,000 number of equity Shares of Rs. 4/- each at par to the promoters of the Company. |
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