Outcome of Board Meeting

Goldcrest Finance India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 10, 2012, inter alia, has considered the following business;

- Issue of 14,85,740 (Fourteen Lacs Eighty Five Thousand Seven Hundred Forty) fresh Equity Shares of Rs.10/- each of the Company to the holder of 1,48,574 (One Lac Forty Eight Thousand Five Hundred Seventy Four) Fully Convertible Debentures of Rs. 1 (Rs. One Thousand only) each on exercise of conversion option by FCD holder. The above equity shares are allotted on conversion of FCDs issued pursuant to the Scheme of Amalgamation of Goldcrest Finance (India) Ltd with Goldcrest Trade & Merchandise Pvt. Ltd as approved by the Hon’ble Bombay High Court and also by the shareholders of the Company at the AGM held on December 21, 2011.

Source : BSE - >www.bseindia.com

Published on January 11, 2012


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