Held on 02 September 2014
Puneet Resins announced that the Board of Directors of the Company at its meeting held on 02 September 2014, have accorded approval to the following-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 of Fairness opinion on the Valuation Report of M/S. SSPA & Co, Chartered Accountants by Inga Capital.
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