Smart Finsec Ltd approves allotment of 330000 NCCRPS

The Board of Directors of Smart Finsec Ltd at its meeting held on June 30, 2016, has approved the allotment of balance 3,30,000 number of Non- Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each aggregating to Rs. 3,30,00,000/- (Rupees Three Crore Thirty Lacs Only) to one of promoter Mr. ArunKhera and after the above said allotment total 4,80,000 (Out of which 1,50,000 Non- Convertible Cumulative Redeemable Preference Shares was allotted on March 21, 2016) Non-Convertible Cumulative Redeemable Preference Shares of Rs. 100/- each aggregating to Rs 4,80,00,000 (Rupees Four Crore Eighty Lacs Only) have been allotted to the promoters for which the approval from shareholders was taken in Extra Ordinary General Meeting held on February 26, 2016.

The Board has also taken in to record the Resignation of an Independent Non Executive Director, Mr. Sanjeev Soni.

Source : Equity Bulls

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