The Board of Directors of Rajvir Industries Ltd at its meeting held on May 04, 2015, has approved the issue of 5,00,000, 12% Redeemable Non-Convertible cumulative Preference shares (RNCCPS) of Rs. 100/- each on private placement basis to promoters group without seeking the listing on the stock exchanges and also to convene the Extra -ordinary general meeting of the members of the Company by way of postal ballot.