Held on 02 September 2014
Rishiroop Rubber (International) announced that the Board of Directors of the Company at its meeting held on 02 September 2014, inter alia, has accorded approval to following business: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 the Fairness Opinion on the Valuation Report of M/s. SSPA & Co. Chartered Accountants by Inga Capital.
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