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Mukat Pipes has informed the BSE that the Board of directors of the company at its meeting held on November 10 transacted the following business. It took note of the status of the BIFR order dated February 19, 2015 and its implementation. And, according to the order of the Honourable BIFR passed on February 19, this year, the Board allotted 40 lakh equity shares of ₹5 each to Sandeep Kaur Ahluwalia (promoter/director) by capitalising her loan of ₹2 crore into equity shares and authorised the directors to take all necessary steps and actions to give effect to the allotment of shares, including listing of these shares on the stock exchange.
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