Board Meeting Announcement for Autopal Industries Ltd - Dec 7, 2024

AUTOPAL INDUSTRIES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 07/12/2024 inter alia to consider and approve The meeting of the Board of Directors of the Company is scheduled to be held on Saturday the 7th day of December 2024 at 06:00 P.M. at 51 Shakthidham Colony Lalarpura Gandhi Path West Jaipur Rajasthan 302021 to consider and approve inter alia along with the other business items the following: 1. Extinguishment of entire 9% Redeemable Non-Cumulative Preference Shares of the Company 2. Extinguishment of entire share capital held by (erstwhile) promoter and promoter group of the Company 3. Reduction/cancelof 75% Equity Shares held by public shareholders as on the record date without payment of any consideration such that One equity share of INR 10 each shall be allotted against every Four equity shares held by them 4. Allotment of 3000000 Equity shares of the Company of INR 10 each to Resolution Applicants. 5. Allotment of 5 equity shares of the Company of INR 10 each for every 1 Equity share of INR 10 each held by the shareholders of M/s. RNIT Solutions & Services Limited