At meeting held on 31 July 2015
Castex Technologies announced that the Board of Directors of the Company at its meeting held on 31 July 2015, has decided to mandatorily convert all the outstanding bonds of US $ 80.80 Million out of FCCB Issue of US $ 130 Million. The conversion date for conversion of Bond into Equity Shares, would be 10 September 2015.Further, the Board has also decided to mandatorily convert all the outstanding bonds of US $ 56.60 Million of FCCB Issue out of US $ 70 Million. The conversion date for conversion of Bond into Equity Shares, would be 25 September 2015.
In view of the above, the Board has also approved issuance of mandatory conversion notices, in terms of the bond documents.
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