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| Exchange Disseminated Time | W. S. Industries (India) Ltd has informed BSE that the Board of Directors of the Company on September 30, 2013 have approved the extension of redemption period of 9,25,000 Redeemable Cumulative Non-Convertible Preference shares of Rs. 100/- each fully paid consisting of 7,60,000 Preference Shares to Credit Renaissance Fund Ltd and 1,65,000 Preference Shares to Credit Renaissance Development Fund LP which were due for redemption on October 03, 2013, by a period of one year with effect from October 03, 2013 on the existing terms and conditions.
Further, the Company had earlier extended the redemption period of 350,000 Redeemable Cumulative Non-Convertible Preference shares of Rs. 100/- each fully paid held by Vensunar Private Limited which were due for redemption on February 28, 2013, by a period of five years with effect from 1st March 2013 on the existing terms and conditions.
Thus, the Company had extended the redemption period of total Preference Share Capital of 12,75,000 Redeemable Cumulative Non-Convertible Preference shares of Rs. 100/- each for further period as stated above. |
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