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| Exchange Disseminated Time | Fredun Pharmaceuticals Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2016, has approved the matter of Issue of 8% Redeemable Cumulative Preference shares of Rs. 25,000,000/-(Rupees Two Crore Fifty lacks only) subject to the approval of the shareholders of the Company.
The 8% Redeemable Cumulative Preference shares will not be listed with the Exchange and the issue of 8% Redeemable Cumulative Preference shares will be subject to The Companies Act, 2013 as well as per SEBI (Listing and Disclosure Requirements) Regulations 2015.
In this respect, an Extra Ordinary General Meeting of the Company will be held on May 30, 2016 at 11 00 a.m. |
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