9th-Aug-2012 16:48Source: BSE

Nilachal Refra - Outcome of Board Meeting

Nilachal Refractories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 09, 2012, has considered and allotted 1,35,00,000 (One Crore Thirty Five Lakhs Only) equity shares of face value Rs. 10/- each at a premium of Rs. 10/- each on a preferential basis on conversion of outstanding unsecured loan of Rs. 27,00,00,000 (Rupees Twenty Seven Crores Only) to the allottees.