Shree Renuka Sugars - Updates on Result of Postal Ballot
Shree Renuka Sugars Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the resolution for sub-dividing the equity shares of the Company (including the paid-up shares) of the face value of Rs 10/- (Rupees Ten only) each to face value of Re 1/- (Rupee One only) each and consequently the authorized share capital of the Company of Rs 1,05,00,00,000/- (Rupees One Hundred and Five Crores Only) would comprise of 35,00,00,000 (Thirty Five Crores) equity shares of the face value of Re 1/- (Rupee One only) each aggregating to Rs 35,00,00,000/- (Rupees Thirty Five Crores only) and 7,00,00,000 (Seven Crores) Preference Shares of Rs 10 (Rupees Ten Only) each aggregating to Rs 70,00,00,000/- (Rupees Seventy Crores only) with effect from the ‘Relevant Date’ to be determined by the Board of Directors (”the Board”).
Tags: Shree Renuka Sugars