At meeting held on 16 January 2015
Silveroak Commercials announced that the Board of Directors of the Company at its meeting held on 16 January 2015, inter alia, has transacted the following business:- have subject to the approval of the Hon'ble High Court of Bombay, shareholders, Stock Exchanges where the shares of the company are listed and other relevant regulatory authorities approved the reduction of Equity Share Capital of the Company from Rs. 2,75,00,000/- divided into 27,50,000 Equity Shares of Rs. 10/- (Rupees Ten only) each fully paid up to Rs. 27,50,000/- divided into 2,75,000 Equity Shares of Rs. 10/- (Rupees Ten only) each and that such reduction be effected by canceling of 24,75,000 Equity Shares of Rs. 10/- each amounting to Rs. 2,47,50,000/- in the existing paid up Equity Share Capital against debit balance in Profit and Loss account.
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