Pratibha Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 21, 2016, has:
1. Approved, subject to consent of shareholders, the increase in the authorized share capital from Rs. 40 crores to Rs.70 crores,
2. Approved, subject to consent of shareholders, the proposal to issue shares to the lenders under Strategic Debt Restructuring (SDR) maximum upto 23,57,95,915 equity shares of Rs.2/- each constituting 70% stake in the Company,
3. Approved the Postal Ballot Notice for obtaining consent of shareholders on the matters pertaining to SDR.
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