JSL Industries Ltd approves issue of NCNCRPS

The Board of Directors of JSL Industries Ltd at its meeting held on August 07, 2015, has considered and approved the proposal for issue, offer and allot 1,50,000 - 6% Non Convertible Non Cumulative Redeemable Preference Shares of Rs. 100/- each at a premium of Rs. 100/- per share on private placement basis to M/s. Navrachana Educational Resources Limited, subject to the approval of the Shareholders and compliance with the other statutory approval(s), if any, as per applicable provisions of law. The said Preference Shares are not proposed to be listed.

The Board also approved increase in Authorised Share Capital of the Company, subject to approval of the members, in compliance with Companies Act, 2013 and other applicable laws, rules and regulations.

Source : Equity Bulls

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