Sarda Proteins board approves rights issue of up to Rs 100 crore

Board approved a rights issue of equity shares of face value Rs 10 each, for an amount not exceeding Rs 100 crore, to be offered to existing eligible shareholders. The Draft Letter of Offer was approved and a Rights Issue Committee was formed to oversee the issue. A non-executive director, Mr. Gunvantray Zaladi, resigned due to personal reasons. The record date will be announced separately.