Board of Sagar Cements to consider preferential issue of equity shares

On 28 November 2016

Sagar Cements announced that the shareholders of the Company at their Extraordinary General Meeting held on 23 November 2016, inter-alia, considered and voted on a resolution for issue of up to 611986 Equity Shares of Rs. 10/- each of the Company on a preferential basis and the outcome of the said voting is awaited. In this connection, the Company further informed that based on the said outcome, the Board of the Company at its meeting proposed to be held on 28 November 2016, inter-alia, consider fixing the issue price for the above said equity shares.

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