Responsive Industries Ltd has informed BSE that, pursuant to the receipt of in-principle approval of Stock Exchanges for issue of 52,67,700 Equity Shares of Rs. 1/- each at a premium of Rs. 110/- each, a Board Meeting is scheduled to be held on February 15, 2012 to consider the following business:
1. To allot 52,67,700 (Fifty Two Lakhs Sixty Seven Thousand Seven Hundred Only) Equity Shares of Rs. 1/- each at a price of Rs. 111/- (Rupees One Hundred Eleven Only) per share, including the premium of Rs. 110/- each on preferential basis to Promoters.