Held on 16 July 2016
Grandeur Products announced that the Board of Directors of the Company at its meeting held on 16 July 2016 at 5.30 p.m. has discussed and approved the following:1. Issue and Allotment of 20,00,000 (Twenty Lakh) Equity Shares at an Issue Price of Rs. 20/- each (Including Premium of Rs. 10/-) on Preferential basis at a price arrived as per Chapter VII of SEBI( ICDR) Regulations, 2009 to Promoter group and also to Non Promoters.
2. Issue and Allotment of 6,00,000 (Six Lakhs), 6% Fully Secured Redeemable Unlisted Non- Convertible Debentures of Rs. 100/- each at par on private placement basis.
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