On 12 May 2014
Nath Pulp & Paper Mills announced that the Board of Directors of the Company has fixed 12 May 2014 as the record date for the purpose of reduction and consolidation of share capital as per BIFR order in the following manner:The existing equity share capital of the Company shall be reduced by 95%. Consequently, each Rs 10 fully paid up share shall be reduced to Rs 0.5 each per share fully paid.
2. Post reduction of share capital as mentioned above, consolidation of share capital shall be done whereby an existing shareholder of the company having 20 equity shares of Rs 0.5 each shall receive 1 new equity share of Rs 10 each fully paid up.
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