Sujana Universal Industries Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on December 28, 2006, inter alia, have passed the following resolutions:
1. Resolution for regularization of Shri. B Ramachandra Rao who was appointed as an Additional Director during the year 2005-2006.
2. Increase of Authorized Share Capital of the Company from Rs 110 Crores to Rs 115 Crores.
3. Authority to the Board to issue and allot the optionally Fully Convertible Debentures (OFCDs) (Securities) worth of Rs 1200 lakhs to IFCI Ltd, Hyderabad, either at par or at premium (issue price being not less than the price as arrived at), in accordance with the terms of Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000, when converted into equity would ultimately result in an increase in the paid up equity share capital of the Company upto an amount not exceeding Rs 5.50 Crores in addition to the existing paid up equity capital of the Company, through conversion of existing loans and / or interest on such loans through private placement as preferential allotment as the Board may deem fit with or without voting rights in General Meetings / Class Meetings of the Company as may be permitted under the prevailing laws at such price or prices, or in such manner as the Board or Committee thereof may on its absolute discretion think fit.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment