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Board of Kimia Biosciences appoints director and allots preference shares on conversion of loan

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Capital Market
Last Updated : Oct 07 2019 | 5:16 PM IST

At meeting held on 07 October 2019

The Board of Kimia Biosciences at its meeting held on 07 October 2019 has approved the appointment of Vipul Goel as an Additional Director (Non Executive) of the Company with effect from 07 October, 2019. The Board also approved the allotment of 40 lakh 0.1% Non Convertible Cumulative Redeemable Preference Shares of Rs 10 each to Enkay Foam pursuant to conversion of unsecured loan amounting to Rs 4 crore. Further, such NCRPS shall be unlisted.

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First Published: Oct 07 2019 | 4:58 PM IST

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