Bihar Tubes - Outcome of EGM
Bihar Tubes Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 11, 2008, inter alia, have accorded to the following:
1. The fund raising up to an aggregate amount not exceeding US$ 50 Million or equivalent by way of issuing GDRs / ADRs, preference shares whether Cumulative / Redeemable / Convertible at the option of the Company and / or the action of the holders of the security and / or securities linked to equity shares / preference shares and / or any instrument or securities representing convertible securities such as convertible debentures, bonds or warrants convertible into equity shares / preference shares (in addition to US$ 20 Million already approved by the shareholders by way of passing Special Resolution at their Extra Ordinary General Meeting on August 06, 2007) subject to approvals as may be necessary / required in one or more tranches.
2. Increase the authorised capital of the Company to 25,00,00,000 (Rupees Twenty Five Crores) comprising 2,50,00,000 (Two Crores Fifty Lacs) Equity Shares of Rs 10/- (Rupees Ten) each.
Tags: Bihar Tubes