Outcome of Board Meeting
Dhandapani Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 10, 2011, inter alia, have approved the issue and allotment of Optionally Convertible Cumulative Redeemable Preference Shares to the extent of 3,85,02,384 of Rs. 10/- each amounting to Rs. 38,50,23,840 to Consortium Bankers in accordance with the approved CDR Package as approved by Shareholders.