Board of Maral Overseas approves redemption of preference shares

At meeting held on 03 August 2018

The Board of Maral Overseas has approved the extension of period of redemption of 12,00,000 3% Cumulative Redeemable Preference Shares(CRPS) of Rs. 100/- issued to the promoters which is due for redemption on 31 March, 2019 in two tranches to the respective shareholders as under:-(i)6,00,000 3% CRPS would be redeemed on due date as per the exiting terms i.e.31 March, 2019 (ii)6,00,000 3% CRPS be extended for one year and redeem on 31 March, 2020 and other terms of issue shall remain unchanged.

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