Impex Ferro - Outcome of EGM
Impex Ferro Tech Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 17, 2008, inter alia, have passed the following businesses:
1. Approve and give consent to the Board of Directors u/s-81(1A) of the Companies Act, 1956 to allot 60 lacs Convertible Warrants and to issue fresh equity shares on conversion of these warrants to the promoters & strategic investors belonging to the Non-Promoter Group on preferential basis as follows:
Promoter:
- Mr. Suresh Kumar Patni - 10,00,000
- Mr. Virendra Kumar Jain - 10,00,000
Non-Promoters
- Piper Securities Pvt Ltd - 40,00,000
2. Authorise the Board to increase the Authorised Share Capital of the Company from the present Rs 52 Crore to Rs 58 Crore by addition of Rs 60 lacs Equity Shares of Rs 10/- each.
Tags: Impex Ferro