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JAYASWAL NECO INDUSTRIES LTD. - Outcome of Board Meeting (EGM on July 25, 2014)
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25 Jun 2014
Jayaswal Neco Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 25, 2014, has subject to requisite approvals of Stock Exchanges and others, approved inter alia issue of further 4,00,00,000 Equity Shares of Rs. 10/- each at Premium of Rs. 15/- per share on preferential basis for the purpose of raising further Equity as a part of Equity contribution towards expansion projects of the Company under implementation.&lt;br/&gt;&lt;br/&gt;The Board of Directors has also approved to convene Extra-ordinary General Meeting of the Members of the Company on the July 25, 2014, at the registered office for obtaining approval of the Members of the Company to the aforesaid preferential issue under Section 42, Section 62 of the Companies Act, 2013.
View all announcements for JAYASWAL NECO INDUSTRIES LTD. Source: BSE India