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CMI announced that the Board of Directors of the Company at its meeting held on 10 September 2014, Subject to approval of shareholders through postal ballot, the Board has decided / approved the following matter:
- Issue of 18,00,000 Equity Shares having face value of Rs. 10/- each, on preferential basis, to Non promoters and 15,00,000 Warrants convertible into equal number of equity shares of Rs. 10 /- each to the promoters and the relevant date on which price is to be calculated shall be determined in accordance with Chapter VII of the SEBI (ICDR) Regulations, 2009.
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