The board of Nutraplus Products India in its meeting on 28 April 2012 has approved to issue of 4,00,000 equity shares and 3,00,000 optionally fully convertible warrants on preferential basis to the promoter group, person acting in concert with them subject to approval of the shareholders of the company.
The board has approved the scheme of arrangement for amalgamation of Dynamic Metal Powders a wholly owned subsidiary company subject to approval of the High Court and such other authorities, as necessary.