| March 09, 2017
|| ShreAllotment of Securitiesee Renuka Sugars Limited has informed the Exchange that as per the rectification package approved by the Joint Lenders Forum (JLF) under the Corrective Action Plan (CAP); and in terms of the special resolution passed by the shareholders of the Company on September 27, 2016, the Allotment Committee of the Board of Directors has, by way of circular resolution dated 8th March, 2017, approved the allotment of 1,64,35,338 Equity Shares of face value of Re. 1/- each, at a price of Rs. 16.56 per Equity Share aggregating to Rs. 27,21,69,197.28 to Standard Chartered Bank, one of the JLF Lenders in lieu of and against the conversion of a part of the loans availed by the Company from Standard Chartered Bank. Consequent to the above allotment, the paid-up share capital of the Company stands increased from Rs.92,88,11,242 divided into 92,88,11,242 equity shares having face value Re.1/- each to Rs.94,52,46,580 divided into 94,52,46,580 equity shares having face value of Re.1/- each.