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The board of Kiri Industries in its meeting on 18 December 2012 has revised conversion price of proposed FCCBs to Rs 11.92 per equity share.
The board has decided to change the name of the company from Kiri Industries to Equinaire Chemtech.
The board has approved re-organization of the authorized share capital by transferring 10,00,00,000 un-issued preference authorized share capital into equity authorized share capital.
The board has approved issue of equity shares/ compulsorily convertible preference shares/ warrants to promoters/ promoters group on preferential basis to the tune of Rs 13 crore.
Further, the board has authorised committee of directors to fix date of extraordinary general meeting of the company.
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