At meeting held on 08 December 2016
Usher Agro announced that the Board of Directors of the Company at its meeting held on 08 December 2016 has approved allotment of 3,96,12,471 equity shares of face value of Rs 10 each to lenders at Rs 11.09 per share in pursuance of Strategic Debt Restructuring Scheme as invoked by Joint Lenders Forum. The Board also approved the resignation of Manoj Pathak, Director of the Company with effect from 07 December 2016. The Board took note of change in nominee director on behalf of IDBI Bank with effect from 30 November 2016.Powered by Capital Market - Live News
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