At meeting held on 13 November 2019
The Board of Grand Foundry at its meeting held on 13 November 2019 has approved the issue and allotment of 2,00,00,000 Equity Shares of Rs.4/- each aggregating to Rs. 8 crore to the promoters of the Company on a preferential basis upon conversion of unsecured loan into the Equity Shares pursuant to the BIFR order dated 07 September 2015.The said Equity Shares allotted shall rank pari-passu in all aspects with the existing Equity Shares of the Company.
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