Rama Paper Mills - Outcome of Board Meeting
Rama Paper Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 02, 2008, has decided to vary the rights attached to the Preference Shares so as to make them convertible in such number of Equity Shares and at such price as may be determined in accordance with the SEBI Guidelines and the Rules and Regulations in force at the relevant time.
Further the Company has informed that, the Company is taking necessary steps under law for obtaining approval of Preference as well as Equity Shareholders to such variation in terms as per the applicable provisions of the law.
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