IBN18 Broadcast - EGM on Jun 27, 2008
IBN18 Broadcast Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 27, 2008., inter alia, to pass resolution for the reduction of the Securities Premium account of the Company for writing off (a) the amount representing the differential arising on account of consolidation as envisaged in the Scheme, more specifically as provided in Clause 9 of the Scheme and (b) debit balance in the Profit and Loss Account of the Company amounting to Rs 659,525,644, representing the cash loss component i.e. “Accumulated losses excluding unabsorbed depreciation”, as appearing in the books of accounts of the Company (Rupees Six Hundred and Fifty Nine Million Five Hundred and Twenty Five Thousand Six Hundred and Forty Four only), subject to the necessary provisions & approvals.
Tags: IBN18 Broadcast