Restile Ceramics to allot shares on preferential basis to promoters

Restile Ceramics Ltd has announced that pursuant to the BIFR order dated August 28, 2006 and subsequent to the Share holders’ approval at their Annual General Meeting held on September 28, 2006, the Company proposes to allot equity shares on preferential basis to the promoters and their associate Companies at the Board Meeting to be held on October 26, 2006.

Pursuant to the above, the Company also proposes to allot Fully Convertible Debentures (FCDs), with zero coupon interest on preferential basis to the Capital Carriers Ltd, Singapore and Mrs Sarswathi Kuppuswami, an NRI, Singapore at the Board Meeting to he held on October 26, 2006.

Source : Equity Bulls

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