At meeting held on 17 June 2014
Shree Hanuman Sugar & Industries announced that the Board of Directors of the Company at its meeting held on 17 June 2014;Considered issue of equity shares on preferential basis, but could not take a decision on that. The matter was proposed to be further considered subsequently, to raise funds; and
Pursuant to provisions of the Companies Act, 2013 and subject to approval of the members of the Company, decided to sub-divide the Equity Shares of the Company of the face value of Rs 10 each into Five Equity Shares of face value of Rs 2 each.
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