Board of Mukand allots preference shares to promoter entities

At meeting held on 24 September 2019

The Board of Mukand at its meeting held on 24 September 2019 has approved the allotment of 56,26,320, 8% Cumulative Redeemable Preference Shares of face value of Rs. 10 each ('8 % CRPS') on a private placement basis to the promoter entities. Proceeds raised through issue of shares above shall be used for redemption of 1st instalment of Rs 2 per 0.01% Cumulative Redeemable Preference Shares of face value of Rs 10 each.

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