| Rishiroop Rubber (International) announced that the Board of Directors of the Company at its meeting held on 02 September 2014, inter alia, has accorded approval to following business:
1. Approved Scheme of Amalgamation between Rishiroop Rubber (International) and Puneet Resins for merger of Rishiroop Rubber (International) with Puneet Resins.
2. Took on record Valuation report submitted by M/S.SSPA & Co. Chartered Accountants.
3. Shareholder holding 5 (Five) equity shares of Rs.10/- each of Rishiroop Rubber (International) will be allotted 3 (Three) Optionally Convertible Preference Shares of Rs. 10/- issued at premium of Rs.34/- each of Puneet Resins.
4. Took on record the Fairness Opinion on the Valuation Report of M/s. SSPA & Co. Chartered Accountants by Inga Capital. |