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Ruchi Strips
BSE: 513295NSE: RUCHISTRIPISIN: INE611C01012

4th-Oct-2010 17:32Source: BSE

Outcome of Board Meeting

Ruchi Strips & Alloys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 04, 2010, has transacted following business: 1. Alloted 1,10,95,701 Equity Shares of Rs. 10/- each at a premium of Rs. 4.42 per share for cash to promoter and non-promoter group on preferential basis. 2. Approved redemption of 16,00,000 5% Non-cumulative Redeemable Preference Shares of the Company, 3. Approved the renewal of Statement in Lieu of Advertisement under section 58 of the Companies Act, 1956.

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