Held on 16 September 2014
Eastern Sugar & Industries announced that the Board of Directors of the Company at its meeting held on 16 September 2014, inter alia, has :1. Allotted 70,00,000 Equity Shares of Rs. 10/- each at par on preferential basis, as approved by the Shareholders of the Company at their meeting held on 03 October 2013 and in-principle approval for which was given by the Bombay Stock Exchange on 04 September 2014;
2. Allotted 52,50,000 Equity Shares of Rs. 10/- each at par on preferential allotment basis, by way of conversion of existing 5,25,000 Preference Shares of Rs. 100/- each, as approved by Shareholders of the Company at their meeting held on 03 October 2013 and in-principle approval for which was given by the Bombay Stock Exchange on 04 September 2014.
3. Appointed Ratna Vaswani as Additional Director of the Company.
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