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Monday, January 10, 2011

Outcome of EGM

Plethico Pharmaceuticals Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 10, 2011, inter alia, have approved the following decisions by the members of the Company.

1. Amendment in the Articles of Association of the Company for providing powers to the Company and its Board of Directors in relation to the issuance of the warrants.

2. To offer, issue and allot 20,00,000 warrants at a price of Rs. 400/- per warrant convertible into one equity shares of Rs. 10/- each fully paid up at a price of Rs. 400/- per share including premium of Rs. 390 per share on preferential allotment basis.

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