Held on 26 May 2014
Sibar Auto Parts announced that the Board of Directors of the Company at its meeting held on 26 May 2014, inter alia, approved the following:- Preferential allotment to promoters group by way of conversion of unsecured loans brought in earlier in terms of the approval of SEBI order dated 23 May 2014 on the application filed by the Company under regulation 11(1) of SEBI Substantial acquisition of shares and takeovers) Regulations 2011
To allot 40,00,000 Nos. of Equity Shares on Preferential Allotment basis to the share holders.
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