Platinum Corporation Ltd - Outcome of Board Meeting
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| 02 May 2011 | |
| Platinum Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 30, 2011, inter alia, has passed the following resolutions:<br/><br/>1. Appointed Mr. Gokul M. Patel and Mr. Mayank D. Shah, as an additional director of the Company.<br/><br/>2. Approval Resignation of Mr. Deenkar B. Shrimali as Director of the Company.<br/><br/>3. To Increase authorised share capital of the Company from the existing authorised share capital of Rs. 68,00,00,000 (Rupees Sixty Eight Crores Fifty Only) to Rs. 78,00,00,000 (Rupees Seventy Eight Crores Only) subject to consent of shareholders of the Company.<br/><br/>4. To raise funds by offering, issuing and allotting equity shares on right basis in ratio of 1:4 at the face value of equity shares of the Company, subject to the consent of members of the Company.<br/><br/>5. To raise funds to the tune of Rs. 10 Crores (Rupees Ten Crores Only) by offering issuing and allotting 10 Crores (Ten Crores Only) Convertible warrants on preferential basis to promoters and others as decided by the Board, subject to the consent of members of the Company.<br/><br/>6. To Convene the 18 Annual General Meeting of the Shareholders of the Company on June 12, 2011. | |
| View all announcements for Platinum Corporation Ltd | Source: BSE India |
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