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The committee of Uttam Sugar Mills has issued & allotted 5,00,000, 6.5% redeemable cumulative preference shares of Rs. 100 each for cash at par totaling amount of Rs. 5 crore to the entities forming part of promoter group.
Consequently, with effect from 30 December 2009, the issued and subscribed preference share capital of the company stands increased to Rs. 41,60,00,000 divided into 41,60,000 redeemable cumulative preference shares of Rs. 100 each.
These shares were allotted at the preference share allotment committee meeting on 30 December 2009.
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