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KIC Metaliks: Redemption Of 4 51 00 000 Unlisted 7 % Non Cumulative Redeemable Preference Shares Of K I C Metaliks Limited


Further to our letter regarding outcome of the Board Meeting held on dated November 9 2021 we wish to inform you that the Company has now redeemed its entire unlisted 7 % Non Cumulative Redeemable Preference Shares in tranches and completed the redemption process on November 30 2021.

4 51 00 000 (no. of shares) 7 % Non Cumulative Redeemable Preference Shares were redeemed in total at par and an amount aggregating Rs. 45.10 crores has been paid towards the redemption out of the accumulated profits of the Company.

After the above redemption the issued paid up and subscribed Preference Share Capital of the Company is NIL and no dividend is outstanding against the above said Preference Shares.

This is for your information and record.

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