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Allotment of Equity Shares

| Updated on November 10, 2015 Published on November 10, 2015

Saurashtra Cement Ltd has informed BSE that at the meeting of Allotment Committee of the Board of Directors held on November 10, 2015, the Company has allotted 1,80,00,000 equity shares of Rs.10 each - Rs.5/- per share paid-up to the Promoters and associates in compliance to the order dated March 14, 2013 of Hon’ble BIFR.

These shares shall be subject to lock in for a period of 3 years as per SEBI guidelines.

On being fully paid, the said shares shall rank pari passu with the existing equity shares.

The said shareholders shall be entitled to dividend proportionate to the amount paid up from the date of allotment.

Source : BSE - >www.bseindia.com

Published on November 10, 2015
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