Tamilnadu Jai Bharath Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 24, 2011, have approved the issue of unsecured fully convertible debentures for Rs. 10 Crores M/s. Shri Ramalinga Mills Ltd., on preferential basis by part conversion of their inter corporate loan to the Company and the subject will be placed before the next Annual General Meeting of the Company for approval.
The proposal for increase of Authorised Share Capital has been deferred.
Sensex
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Tuesday, May 24, 2011
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