Outcome of board meeting of Puneet Resins
Held on 02 September 2014
Puneet Resins announced that the Board of Directors of the Company at its meeting held on 02 September 2014, have accorded approval to the following-1. Approved Scheme of Amalgamation between Rishiroop Rubber (International) and Puneet Resins for merger of Rishiroop Rubber (International) with Puneet Resins.
2. Took on record Valuation report submitted by M/S. SSPA & Co. Chartered Accountants.
3. Shareholder holding 5 (Five) equity shares of Rs. 10 each of Rishiroop Rubber (International) will be allotted 3 (Three) Optionally convertible Preference Shares of Rs. 10/- issued at premium of Rs. 34/- each of Puneet Resins.
4. Took on Record of Fairness opinion on the Valuation Report of M/S. SSPA & Co, Chartered Accountants by Inga Capital.
Powered by Capital Market - Live News