Electrotherm (India) Ltd. has informed that pursuant to approval of members through postal ballot on August 10, 2015 and in principal approval accorded by the Stock Exchanges for issue of 2,85,90,000 Partially Convertible Partially Redeemable Preference Shares of Rs. 10/- each, the Securities Allotment Committee of the Company at its meeting held on August 22, 2015 have approved allotment of 2,85,90,000 (Two Crore Eighty Five Lacs Ninety Thousand) Partially Convertible Partially Redeemable Preference Shares (PCPRPS) of Rs. 10/- each at par to Edelweiss Asset Reconstruction Company Ltd. (EARC) on preferential basis in compliance with SEBI (ICDR) Regulations, 2009.
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