The board of Ruchi Strips & Alloys in its meeting on 14 December 2009 has allotted 5% non cumulative redeemable preference shares to the promoter group.
The board has decided to reclassify of the existing authorized share capital of the company, subject to final approval from members in general meeting.
The board has decided to issue 95,47,075 equity shares of the company to promoters, their affiliates and others on preferential basis, subject to final approval from members in general meeting.
Source :www.biginfotech.in
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