Alok Industries commences implementation of approved resolution plan

Alok Industries announced that the following resolutions have been considered and approved by circulation as part of the process involved in the commencement of implementation of the approved Resolution Plan:

1. Re-classification of Authorised Share Capital of the Company by reduction in the face value of Equity Shares of the Company;

2. Consequent amendments in the Capital Clauses of the Memorandum of Association and Articles of Association of the Company pursuant to reclassification of Authorised Share Capital of the Company;

3. Reduction in the face value of the Subscribed, Issued and Paid-up Equity Share Capital of the Company from Rs. 10/- to Re. 1/- per share;

 

The Record Date has been fixed as Monday the 3rd February 2020 for the purpose of effecting the reduction of face value of each existing equity share of the Company.

Powered by Capital Market - Live News