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| Exchange Disseminated Time | Shakti Pumps India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 09, 2016,
inter alia, has taken the following decisions:
- The Board has approved the Conversion 15,00,000 (Fifteen lakhs Only) Compulsory Convertible Preference Shares of Rs. 100/- each held by AFHoldings into 16,36,363 (Sixteen Lakhs Thirty Six Thousand Three Hundred and Sixty Three Only ) Ordinary Equity Shares of Rs. 10/- each in the ratio of 1: 1.0909 constituting 8.90% of the paid up share capital of the Company on fully diluted basis and ranking pari passu with the existing equity shares of the Company and allotment to AFHoldings.
The aforesaid Meeting Commenced at 3.00 p.m. and Concluded at 4.30 p.m. |
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