Uflex - Result of Postal Ballot
Uflex Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have passed the following special resolutions, with requisite majority:
1. To increase the total holding limit of all Foreign Institutional Investors upto 74% of the paid-up equity share capital or paid up value of the convertible debentures of the Company.
2. For preferential issue of equity shares having face value of Rs 10/- each to (a) M/s. Tegraceen Holding Ltd, Cyprus and (b) M/s. Vesteffect Ltd, Cyrus.
3. For preferential issue of warrants to (a) M/s. Tegraceen Holdings Ltd, Cyprus and (b) M/s. Vesteffect Ltd, Cyprus.
4. To issue equity shares / any other equity related instrument / Global Depository Shares / American Depository Shares / Foreign Currency Convertible Bonds etc to Resident or Foreign Investors.
Tags: Uflex