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Preference shares

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(Querist)
26 July 2014 in the previous year, an unlisted public limited company had 0.25% convertible preference shares, issued during F.Y. 2009-10 redeemable at par or convertible into 10 equity shares after 12 years, but in F.Y. 2013-14 they have converted it into 0% convertible preference shares convertible into equity shares after 12 years.
Can this be done
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kartik prasad gupta

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kartik prasad gupta (Querist)
30 August 2014 dear friends/sir

any body help me for above question
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