UV Boards Ltd allots shares on preferential basis

The Board Of Directors of UV Boards Ltd at their Meeting held on today i.e. 03.10.2017 have allotted fresh fully paid up 10,71,00,000 Equity Shares of Rs. 2/- each at Rs. 25/- per shares on preferential basis to promoter and non-promoters.

Pursuant to the above such allotment, the issued, subscribed and paid up share capital has been increased from Rs. 3,04,85,700/- (1,52,42,850/- equity shares of Rs. 2/- each) to Rs. Rs.24,46,85,700/- (12,23,42,850 equity shares of Rs. 2/- each).

The Equity shares allotted as above shall rank pari-passu with the existing equity shares of the company and shall be entitled to such dividend and corporate benefits, if any, declared by the company from time to time.

The Authorized share capital of the company has also increased from Rs. 4,00,00,000/- (2,00,00,000 equity shares of Rs. 2/- each) to Rs. Rs.30,00,00,000/- (15,00,00,000 equity shares of Rs. 2/- each) vide shareholders resolution dated 12.09.2017.

Source : Equity Bulls

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