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Outcome of Board Meeting

| Updated on: Feb 15, 2011

Uttam Sugar Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2011, have issued and allotted 2,16,000 10% Redeemable Cumulative Preference Shares of Rs. 100/- each for cash aggregating to Rs. 2,16,00,000/- at a premium of Rs. 100/- per share aggregating to Rs. 2,16,00,000 totalling Rs. 4,32,00,000/- (Rupees Four Crores Thirty Two Lacs Only) to the entities forming part of Promoter group. Consequently, with effect from January 29, 2011, the Issued and Subscribed Preference Share Capital of the Company stand increased to 1. Rs. 50,00,00,000/- divided into 50,00,000 6.5% Redeemable Cumulative Preference Shares of Rs. 100/- each issued at par. 2. Rs. 2,16,00,000/- divided into 2,16,000 10% Redeemable Cumulative Preference Shares of Rs. 100/- each issued at a premium of Rs. 100/- per share.

Source : BSE - >www.bseindia.com

Published on February 15, 2011

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