At meeting held on 16 February 2015
NHC Foods announced that the holders of Optionally Convertible Redeemable Preference Shares (OCRPS) have exercised their right of conversion of OCRPS into equity shares and accordingly the Board of Directors at their meeting held on 16 February 2015 have allotted 35,96,400 Equity Shares of Rs. 10/- each fully paid up on account of conversion of 35,96,400 OCRPS of Rs. 10/- each (i.e. the ratio of 1 Equity Share for every 1 OCRPS held).The conversion of OCRPS into Equity shares has been done on the terms and conditions as mentioned in the Scheme of Amalgamation between NHC Industries and NHC Foods (formerly known as Midpoint Software & Electro Systems ) duly approved by the Hon'ble High Court of Bombay vide its order dated 13 August 2010.
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