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| Exchange Disseminated Time 12/11/2016 13:51:44 | Pioneer Embroideries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 12, 2016, which is scheduled on 12.00 noon and concluded at 1.30 pm, inter alia, has transacted the following business:
- The company had issued Optionally Convertible Cumulative Redeemable Preference Shares (OCCRPS) in August 2010 as per CDR package, which were either to be redeemed in four equal annual installments starting from September 2015, or to be converted into equity shares. These OCCRPS which were due for redemption on September 30, 2016, could not be redeemed. |
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