Board of Solid Carbide Tools allots equity shares

At meeting held on 18 March 2015

Solid Carbide Tools announced that Pursuant to the Order dated 03 August 2012 passed by the Hon'ble High Court of Bombay in the matter of Scheme of Arrangement between Solid Carbide Tools and its shareholders and creditors, the Board of Directors at their meeting held on 18 March 2015 have allotted 2,03,28,631 Equity shares of Re. 1/- each to Dilip Shah, the Promoter of the Company against conversion of debts into Equity Shares.

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