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| Exchange Disseminated Time | Himadri Chemicals & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 23, 2016, inter-alia, has:-
1. Approved the conversion of 12,300 Deep Discount Debentures into Equity shares of the Company.
2. Approved the issue of 3,26,75,297 equity shares of Re. 1/- each at price of Rs. 19/- per shares (including premium of Rs. 18/- per share) against conversion of Deep Discount Debentures on preferential basis to Himadri Coke & Petro Limited (the DDD Holder).
2. Approved the convening of an Extra Ordinary General Meeting of the Company on March 22, 2016 for taking consent of the shareholders by means of Special Resolution for issue of equity shares on preferential basis. |
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