Outcome of Board Meeting

| Updated on March 25, 2013 Published on March 25, 2013

Adi Rasayan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 25, 2013, have subject to the approval of the Honble High Court of Gujarat at Ahmedabad, shareholders, Stock Exchanges and other relevant regulatory authorities approved the reduction of Equity Share Capital of the Company from Rs. 6,51,97,000/- divided into 65,19,700 Equity Shares of Rs. 10/- each fully paid-up to Rs. 65,19,700/- divided in to 6,51,970 Equity Shares of Rs. 10/- each fully paid up and such reduction be effected by canceling Rs. 10/- per share on 58,67,730 Equity Shares amounting to Rs. 5,86,77,300/- in the existing paid up Equity Share Capital against debit balance in Profit and Loss account.

Source : BSE - >www.bseindia.com

Published on March 25, 2013
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