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Board of Hindustan Foods to consider preferential issue of shares

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Capital Market
Last Updated : Dec 03 2016 | 12:03 AM IST

On 07 December 2016

Hindustan Foods announced that the meeting of the Board of Directors of the Company will be held on 07 December 2016, inter alia, to transact the following business:

1. To allot 79,92,500 equity shares on Preferential Basis to the promoters and non-promoters.

2. To consider rectification and seeking of ratification from the shareholders for the below mentioned aspects:

a. The names and identities of the four non-promoter HUF allottees alongwith the name of the ultimate beneficiary of such allottees for whom the same was not disclosed in the Postal Ballot Notice dated September 19, 2016;

b. The pre issue and post issue shareholding for 122 non-promoter allottees (including the four nonpromoter HUF allottees) for whom the same was not disclosed in the Postal Ballot Notice dated 19 September 2016.

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First Published: Dec 02 2016 | 5:35 PM IST

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