Rei Agro Ltd has informed that the Board of Directors of the Company at its meeting held on October 04, 2008, inter alia, have allotted 28903037 Equity Shares of Rs 10 each (fully paid up) in place of 48171730 existing Equity Shares to the equity shareholders of the Company, by cancelling a sum of Rs 4/- from each paid-up Equity share of Rs 10/- each and thereafter consolidating 5 (five) Equity Shares of Rs 6/- each of the Company into 3 (three) Equity Shares of Rs 10/- each fully paid-up, as per the terms and conditions under the Scheme of Arrangement already approved by the Honorable High Court of Kolkata.
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