Rishiroop Rubber International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 02, 2014, inter alia, has accorded approval to following business:1. Approved Scheme of Amalgamation between Rishiroop Rubber (International) Limited and Puneet Resins Limited formerger of Rishiroop Rubber (International) Limited with Puneet Resins Limited.2. Took on record Valuation report submitted by M/S.SSPA & Co. Chartered Accountants.3. Shareholder holding 5 (Five) equity shares of Rs.10/- each of Rishiroop Rubber (International) Limited will be allotted 3 (Three) Optionally Convertible Preference Shares of Rs. 10/- issued at premium of Rs.34/- each of Puneet Resins Limited.4. Took on record the Fairness Opinion on the Valuation Report of M/s. SSPA & Co. Chartered Accountants by Inga Capital Pvt. Ltd.Source : BSE
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