Victory Projects - EGM on Apr 07, 2008
Victory Projects Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on April 07, 2008, inter alia, to transact the following special business:
1. For offering, issuing, and allotting on a private placement and/or preferential basis, to Promoters,(and / or their nominees, associates or affiliate) and other interested public shareholders, cumulatively up to 60,00,000 Equity Shares of Rs.10/- each or corresponding share warrants carrying an entitlement to subscribe to equivalent number of Equity Shares up to a future date, not exceeding 18 months from the date of such issue, at a price (including premium) not lower than the minimum price specified as per SEBI’s Guidelines for Preferential Issues (Chapter XIII of the SEBI (DIP) Guidelines 2000) considering the date thirty days prior to the date of this meeting as the Relevant Date in the case of share warrants being not less than the minimum specified as per SEBI’s Guidelines for Preferential Issues (Chapter XIII of the SEBI (DIP) Guidelines 2000), as may be approved or finalised by the Board of Directors, subject to necessary provisions & approvals.
2. To increase the Authorised Share capital of the Company from the existing capital of Rs 6,00,00,000/- (Rupees Six Crores only) divided into 60,00,000 (Sixty Lakhs only) equity shares of Rs 10/- (Rupees Ten only) each to Rs 12,00,00,000/- (Rupees Twelve Crores Only) divided into 1,20,00,000 (One Crore Twenty Lakhs only) equity shares of Rs 10/- (Rupees Ten only) each by creation of 60,00,000 (Sixty Lakhs only) equity shares of Rs 10/- (Rupees Ten only) each & consequential amendments in the Memorandum & Articles of Association of the Company.
Tags: Victory Projects