Kalpena Industries - Outcome of EGM

Kalpena Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on September 04, 2009, inter alia, have unanimously approved the following resolutions:

1. The Increase in Authorised Share Capital of the Company from Rs. 1200 Lacs to Rs. 2000 Lacs and consequent change in the relevant clause i.e. clause (V) of the Memorandum of Association of the Company.

2. The issue of 60,00,000 (Sixty Lacs) warrants convertible into Equity Shares at a price of Rs. 80/- each (including a premium of Rs. 70/-) on preferential basis to M/s. Tara Holdings Pvt. Ltd (30,00,000 Warrants) and M/s. Inbara Holdings Pvt. Ltd (14,50,000 Warrants) collectively referred to as Promoter Group Companies and to M/s. Subh Labh Vintrade Pvt. Ltd (15,50,000 Warrants), a Strategic Investors not forming part of Promoter Group on the terms & conditions, as set out in the notice and in compliance with Chapter XIII of the SEBI (DIP) Guidelines, 2000, and subsequent amendments thereto.