Avanti Feeds Ltd has informed that the Shareholders of the Company have passed the special resolution by postal ballot with an overwhelming majority of 99.94% of the total valid votes, by casting the same in favour of the resolution for the preferential issue of equity shares of Rs 10 each of the company to the promoter and Thai Union Frozen Products Public Company Ltd, Thailand as per SEBI guidelines for preferential issue contained in the SEBI (disclosure and Investors protection) Guidelines, 2000.
The Board of directors has earlier approved the issue of 14,60,000 equity shares to the promoters and Thai Union Frozen Products Public Company Ltd, at an issue price of Rs 40/- per equity share aggregating to Rs 584.00 lacs.
The promoters and Thai Union Frozen Products Public Company Ltd, Thailand shall be allotted the above equity shares upon payment of total issue price of Rs 40/- per equity share.
The Shareholders of the Company have also passed the special resolution by postal ballot with an overwhelming majority of 100% of the total valid votes, by casting the same in favour of the resolution for the increase of Authorised Share Capital of the Company from Rs 700 lacs to Rs 800 lacs.
The Board of directors has earlier approved the issue of 14,60,000 equity shares to the promoters and Thai Union Frozen Products Public Company Ltd, at an issue price of Rs 40/- per equity share aggregating to Rs 584.00 lacs.
The promoters and Thai Union Frozen Products Public Company Ltd, Thailand shall be allotted the above equity shares upon payment of total issue price of Rs 40/- per equity share.
The Shareholders of the Company have also passed the special resolution by postal ballot with an overwhelming majority of 100% of the total valid votes, by casting the same in favour of the resolution for the increase of Authorised Share Capital of the Company from Rs 700 lacs to Rs 800 lacs.
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