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Kilburn Engineering: Board Meeting Intimation for Consider A Proposal For Issue And Allotment Of Equity Shares Raising Of Funds By Way Of A Preferential Allotment And Conversion Of Outstanding Loans Into Equity Shares And Cumulative Redeemable Preference Shares.

KILBURN ENGINEERING LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/03/2021 inter alia to consider and approve a proposal for issue and allotment of equity shares by way of a preferential allotment and conversion of outstanding loans into equity shares and cumulative redeemable preference shares to the lenders pursuant to conversion of their debt as part of a debt restructuring proposal in accordance with the guidelines specified by Reserve Bank of India.

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