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| Exchange Disseminated Time 10/09/2016 15:10:03 | Sundaram Multi Pap Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 10, 2016, to discuss the issue of convertible warrants to Promoter/Promoter group of the Company on preferential basis pursuant to the special resolution passed at the 22nd Annual General Meeting of the Company held on August 29, 2016.
The proposed allotted(s) of the Promoter/Promoter group of the Company has expressed their unwillingness to subscribe to the convertible warrants of the Company.
Further it is informed that the Company is in the process of completing the pre-requirements of the Issue of Shares through QIP.
The Meeting commenced at 2.00 p.m. and concluded at 2.50 p.m. |
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