Board Meeting on Dec 17, 2015

| Updated on December 14, 2015

Raj Rayon Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 17, 2015, inter alia, to transact the following business:

1. To consider and adopt of new set of Article of Association subject to members approval.

2. To consider increase in Authorised Share Capital.

3. To consider alteration of Capital Clause contained in the Memorandum of Association.

4. To consider alteration of Capital Clause contained in the Articles of Association.

5. To consider and approve the Strategic Debt Restructuring Scheme (SDR) in relation to the Companys Debt.

6. To consider and approve proposal for Conversion of Debt amounting into Equity subject to members approval.

7. To consider issue of Equity Shares to Lenders pursuant to invocation of Strategic Debt Restructuring Scheme (SDR).

8. To call an Extra Ordinary General Meeting.

Source : BSE - >www.bseindia.com

Published on December 14, 2015

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