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.