Under scheme of amalgamation
Pricol announced that the committee of Board of Directors at the meeting held on 13 January 2015, have allotted 296,721 equity shares of Re. 1/- each to the shareholders of Xenos Automotive, pursuant to the scheme of amalgamation of Xenos Automotive with Pricol as sanctioned by the Hon'ble High Court, Madras vide order dated 01 December 2014, under section 391-394 of the Companies Act, 1956.The listing application will be filed shortly for listing of newly allotted shares 296,721 equity shares of Re. 1/- each.
With the said allotment, the paid up capital of the Company has increased from Rs. 94.50 million to Rs. 94.79 million.
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