Nrb Industrial Bearings Ltd. - Announcement under Regulation 30 (LODR)-Allotment

In accordance with Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, we would wish to inform you that the Board of Directors of the Company has approved the allotment of 50,00,000 cumulative, redeemable, non-convertible preference shares of Rs. 10 each aggregating to Rs. 5,00,00,000 (Five Crores Only) of the Company on private placement basis to Mr. Devesh Singh Sahney, Chairman, Managing Director and Promoter of the Company vide circulation resolution passed on 10th January, 2019 being the second tranche. The preference dividend be paid annually at 2% p.a. post tax expenses. The said shares shall not be listed on any stock exchange.

Pdf Link: Nrb Industrial Bearings Ltd. - Announcement under Regulation 30 (LODR)-Allotment

Source : BSE - www.bseindia.com

Published on January 10, 2019

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