Board approves extension of redemption period of preference shares
Gulshan Polyols announced that the Committee Meeting of Board of Directors of the Company held on 20 April 2015, has transacted the following:1. Variation of terms & conditions of 10,25,000, 8% Redeemable Preference Shares @ Rs. 100/- each (Extension of redemption period by one year from the original due date of redemption of 10,25,000 Preferences Shares) has been approved.
2. For this variation of terms & conditions of 10,25,000, 8% Redeemable Preference Shares @ Rs. 100/- each. Class meeting of Preference Shareholders has been called on 22 April 2015, to pass a special resolution for the variation i.e. Extension of redemption period by one year from the original due date of redemption of 10,25,000 Preference Shares.
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