Board of Everlon Synthetics approves rights issue

At meeting held on 18 October 2014

Everlon Synthetics announced that the Board of Directors of the Company at its meeting held on 18 October 2014, inter alia, have approved the following:

1. Board of Directors have approved the Rights Issue of Equity Shares to the existing shareholders of the Company for an amount not exceeding Rs. 3.50 crore in accordance with Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations 2009, as amended; subject to the approval from Regulatory Authorities, as may be required.

2. Boards of Directors have approved the appointment of "Keynote Corporate Services " as Lead Manager to the Right Issue.

Powered by Capital Market - Live News