Board of Nikhil Adhesive approves preferential allotment of shares

At meeting held on 15 January 2018

The Board of Nikhil Adhesive at its meeting held on 15 January 2018 approved the following -

To issue up to 7 lakh equity shares on preferential basis to non promoters at Rs 206 to finance in full or in part ongoing as well as future capital expenditures, meet the long term working capital requirements, general corporate purposes and such other purposes as Board may decide.

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