Mumbai: Kesar Petroproducts Ltd has said that the members at the extra ordinary general meeting (EGM) of the company conducted on March 10 decided that as per the rehabilitation scheme by the Board of Industrial and Financial Reconstruction under the provisions of the Sick Industrial Companies Act, 1985, decrease of the existing fully paid up 2,67,31,735 equity shares of Rs 10 by issuing and allotting 2,67,317 new equity shares of Rs 10 each so that the new shares are issued in the ratio of one new equity share for every 100 existing equity shares.
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