Outcome of board meeting of JVL Agro Industries
Held on 02 September 2017
JVL Agro Industries announced that the Board of Directors of the Company at its meeting held on 02 September 2017 has considered the following -Approved the proposal of reclassification of existing un-issued equity shares into preference shares;
Approved the proposal to issue Redeemable Unlisted Preference Shares on Preferential Basis to persons belonging to non-promoter category of not exceeding Rs.25 crore for a tenor not exceeding 20 years in terms of Sections 42, 55, 62 and other applicable provisions of Companies Act, 2013 and subject to re-classification as above.
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