ALOK INDUSTRIES LTD. - Board to pass Circular Resolution on Sep 25, 2012 (Right Issue)
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| 21 Sep 2012 | |
| Alok Industries Ltd has informed BSE that the Board of Directors of the Company proposes to pass the following resolutions by circulation, pursuant to Section 289 of the Companies Act, 1956, on September 25, 2012:<br/><br/>1. To withdraw the proposal of:<br/><br/>a. the Issue of Equity shares of the Company and/or other securities through QIPs / ADRs / GDRs / FCCBs/ and or any other securities compulsorily convertible into equity shares or any combination of the forgoing, which was approved by the Board of Directors through Circular Resolution on April 02, 2012 and the shareholders by way of a Postal Ballot on May 07, 2012; and<br/><br/>b. a Preferential Allotment of up to 2,75,00,000 Equity Shares and up to 5,00,00,000 Warrants to the Promoters / Promoter Group of the company in terms of SEBI Regulations, as amended from time to time, which was approved by the Board of Directors at its meeting held on May 18, 2012; and<br/><br/>2. The issue of equity shares on a rights basis to the existing shareholders of the Company under Section 81 (1) and other applicable provisions of the Companies Act, 1956. | |
| View all announcements for ALOK INDUSTRIES LTD. | Source: BSE India |
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