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| Exchange Disseminated Time | Rajshree Sugars & Chemicals Ltd has informed BSE that the Company proposes to obtain shareholders’ approvals, by passing of special resolutions through Postal Ballot, for;
1. Approving the Corporate Debt Restructuring (CDR) Scheme as approved by the CDR Cell , vide their final letter of approval dated March 24, 2014.
2. Preferential Issue of 17,66,429 equity shares at a price of Rs.28/- each (including a premium of Rs.18/-) to Ms.Rajshree Pathy, Chairperson and Managing Director and 14,28,571 equity shares at a price of Rs.28/- each (including a premium of Rs.18/-) to M/s.RSCL Properties Private Limited. The aforesaid shares will be issued, after necessary approvals, by converting the unsecured loan of Rs.4,94,60,000/- brought-in by Ms.Rajshree Pathy and Rs.4,00,00,000/- brought in by M/s.RSCL Properties Private Limited as promoters’ contribution under CDR Scheme. |
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