Vimal Oil - Outcome of Board Meeting
Vimal Oil & Foods Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 22, 2008, inter alia, has considered and passed the following resolutions:
1. To call Extra Ordinary General Meeting on August 21, 2008 for the following business:
(a) To consider increase in Authorised Share Capital of the Company from Rs 23 Crore to Rs 33 Crore.
(b) To approve the increase in Borrowing limits upto a sum of Rs 500 Crores.
(C) To approve the change in terms of appointment of Managing Director.
(d) To consider issue of 8% Non-cumulative Irredeemable Preference Shares.
