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| Exchange Disseminated Time | Jayaswal Neco Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on February 07, 2013, to consider and take on record, the Unaudited Financial Results of the Company for the quarter ended December 31, 2012 and shall also be considering to issue, subject to the necessary approvals, 67500000 Equity Shares of Rs. 10 each at a premium of Rs. 30/- per share on preferential basis to Promoter and Non-promoter group entities.
The proceeds of the proposed issue shall be deployed as further Equity to partly fund the cost of ongoing expansion projects of the Company in Chhattisgarh. |
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