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| Exchange Disseminated Time | Punjab Chemicals & Crop Protection Ltd has informed BSE that the Company has received a letter dated August 03, 2012 from Corporate Debt Restructuring Empowered Group (CDR-EG) w.r.t. approval of CDR package to the Company under the Corporate Debt Restructuring framework of Reserve Bank of India.
Accordingly, the Relevant Date for the issue of shares to Hem-Sil Trading & Manufacturing Pvt. Ltd. (Hem-Sil), a part of Shalil Shroff Group, being one of the Promoters of the Company will be the 3rd August, 2012 as per the SEBI (ICDR) Regulations, 2009.
Further the Company has informed that as per SEBI (ICDR) Regulations, 2009 and also pursuant to the Notice of the Postal Ballot, the Equity Shares proposed to be issued and allotted to the aforesaid Promoter of the Company will be at a price of Rs. 100/- per Equity Share (Face value Rs. 10/- per Equity Share and premium of Rs. 90/- per Equity Share). |
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