India’s Shakti Pumps board to consider new debt instruments, securities

By Tali Rackner

Norfolk, Va., Sept. 10 – Shakti Pumps India Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Sept. 17, inter alia, to consider the issue of nonconvertible debt instruments, convertible securities, optional convertible instruments, preferential warrants, equity shares and/or compulsory convertible preference shares.

It will also discuss the conversion of warrants into equity shares on a preferential basis to Ankit Patidar, the appointment of an independent woman director of the company and the decide date, venue and time of the company’s extraordinary general meeting.

Shakti manufactures submersible pumps and motors and is based in Dhar, India.

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