| JVL Agro Industries announced that the Board of Directors of the Company at its meeting held on 02 September 2017 has considered the following -
Approved the proposal of reclassification of existing un-issued equity shares into preference shares;
Approved the proposal to issue Redeemable Unlisted Preference Shares on
Preferential Basis to persons belonging to non-promoter category of not exceeding Rs.25 crore for a tenor not exceeding 20 years in terms of Sections 42, 55, 62 and other applicable provisions of Companies Act, 2013 and subject to re-classification as above. |