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Outcome of Board Meeting

| Updated on: Apr 19, 2012

Seshasayee Paper and Boards Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 19, 2012, have approved the "Scheme of Amalgamation" for the amalgamation of M/s. SPB Papers Ltd. with M/s. Seshasayee Paper and Boards Ltd. The Board have also approved the Share Exchange Ratio for the said amalgamation viz, one (1) equity share of the nominal value of Rs. 10 each of M/s. Seshasayee Paper and Boards Ltd. for every eleven (11) equity shares of the nominal value of Rs. 10 each of M/s. SPB Papers Ltd.

Source : BSE - >www.bseindia.com

Published on November 15, 2017

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