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Conversion of preference shares

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(Querist)
11 January 2018 Dear All,

At the time issuance of preference shares, it was stated that the preference shares will be converted into equity shares in the ratio 5:1 after the expiry of preference share.

Noting was mentioned whether the conversion will be made on face value or face value of shares. Now we have to convert the same. Kindly suggest on which value we should convert

Thanks in advance
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 January 2018 Take the face value of same.
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Naresh Kumar

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Naresh Kumar (Querist)
11 January 2018 Thanks for the reply.
Therefore no need of valuation of equity shares?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
11 January 2018 In my view no as there was no value or any thing notified earlier.
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