At meeting held on 19 November 2016
Gillanders Arbuthnot & Company announced that the Board of Directors at its Meeting held on 19 November 2016, inter alia, has decided /approved the following:- Allotment of 6,50,000 numbers of 7.75% Cumulative Redeemable Preference Shares of Rs.100/-each to Kothari Investment & Industries and 5,60,000 numbers of 7.75% Cumulative Redeemable Preference Shares of Rs.100/- each to Kothari & Company Private Limited on private lacement basis being the Promoter Group Companies.
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