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IOL Chemicals And Pharmaceuticals Limited, Punjab

IOL Chemicals And Pharmaceuticals Limited, Punjab

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28th November 2014
OUTCOME OF THE BOARD MEETING 28 NOVEMBER 2014

The Board of Directors in its meeting held on today i.e. 28 November 2014 has considered and approved the following matters: 1. Un-audited financial results for the quarter/half year ended 30 September 2014 2. Allotment of 50,51,924 equity shares of face value of 10/- each on conversion of US$ six million Zero Coupon Unsecured Foreign Currency Convertible Bonds issued in May 2010 to the bondholders and allotment of 8,41,987 equity shares of the face value 10/- each on conversion of US $ one million bonds in the name of custodian on behalf of the bondholders, who have not submitted their conversion notices for mandatory conversion. The paid up capital of the company increased from 4,17,61,591 equity shares of 10/- each to 4,76,55,502 equity shares of 10/- each on the allotment aforesaid shares. 3. Constituted a Committee with M/s KPMG as its advisors, to unleash the potential of the company through the various options of joint ventures, restructuring of business etc.






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