Outcome of board meeting of Signet Industries

Held on 20 March 2015

Mar 20, 2015 08:03 IST Captital Market

Signet Industries announced that the Board of Directors of the Company at its meeting held on 20 March 2015, has transacted the following business: -

1. Approved the Letter of Offer and send it to the respective shareholders.

2. The board has also given consent to issue 60,00,000 (Sixty Lakhs) 2% Non-convertible Non-Cumulative Redeemable Preference Shares of Rs. 10/- (Rupees Ten Only) each at premium of Rs. 40/- (Rupees Forty) each fully paid-up on private placement basis after giving approval by the shareholders in the EGM dated 19 March 2015.

3. Given consent to open a separate bank account in the name of the Company for the purpose of keeping the share application money.

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