Prakash Industries - Board Meeting on Mar 27, 2008
Prakash Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on March 27, 2008, inter alia, to consider the following business:
1. To increase the Authorised Share Capital of the Company.
2. To increase the borrowing powers of the Board of Directors.
3. To consider issue of Compulsory Convertible Preference Shares (CCPS) to the promoters of the Company on preferential basis for consideration, other than cash in lieu of acquisition of a Company having an iron ore mine.
4. To consider re-appointment of Managing Director and Whole Time Directors of the Company.
