Restile Ceramics allots shars on preferential basis

Restile Ceramics Ltd has announced that the Board of Directors of the Company at its meeting held on October 26, 2006, has approved the following:

1. Pursuant to the BIFR order dated August 28, 2006 and subsequent to the Share holders approval at their Annual General Meeting held on September 28, 2006, the Board of Directors of the Company has allotted the equity shares on preferential basis to the promoters and their associate Companies as detailed here under at par at Rs 10/- each.

- Shri Nalinkant Rathod, Jakarta - 54,39,220 equity shares
- Solomed Pte Ltd, Singapore - 17,32,350 equity shares
- Asia Pacific Investment Holdings Ltd, Singapore - 87,15,480 equity shares
- Radorm Technology Ltd, Singapore - 26,50,550 equity shares

2. Pursuant to the BIFR order dated August 28, 2006 and subsequent to the Share holders’ approval at their Annual General Meeting held on September 28, 2006, the Board of Directors of the Company has also allotted Fully Convertible Debentures (FCDs), with zero coupon interest on preferential basis to the non-promoters at par at Rs 100/- each as detailed hereunder:

- Capital Carriers Ltd, Singapore - 5,33,150 FCDs
- Mrs Sarswathi Kuppuswami, Singapore - 1,03,870 FCDs.

Source : Equity Bulls

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