JIK Industries Ltd has informed that the Board of Directors of the Company at its meeting held on November 10, 2008, inter alia, has considered and approved the following:
1. The Board has accorded consent to transfer 12752 equity shares of the Company within the Promoter group.
2. The Board consider the consent letter of creditors who are willing to convert their dues in to equity as per BIFR Order and accorded consent to issue shares as per SEBI Pricing formula pursuant to Honble BIFR Order date August 26, 2008 issued on September 01, 2008.
3. Allotted 51,02,010 Equity Shares of Rs 10/- each at par to Promoter as per Honble BIFR Order dated August 26, 2008 issued on September 01, 2008.
1. The Board has accorded consent to transfer 12752 equity shares of the Company within the Promoter group.
2. The Board consider the consent letter of creditors who are willing to convert their dues in to equity as per BIFR Order and accorded consent to issue shares as per SEBI Pricing formula pursuant to Honble BIFR Order date August 26, 2008 issued on September 01, 2008.
3. Allotted 51,02,010 Equity Shares of Rs 10/- each at par to Promoter as per Honble BIFR Order dated August 26, 2008 issued on September 01, 2008.
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