Solid Carbide Tools Ltd allots 20328631 shares on conversion of debts

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

Source : Equity Bulls

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