Bilpower Ltd has informed BSE that the Shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on February 19, 2011, inter alia, have approved with the requisite majority the following:
1. Approved the increase in Authorised Share capital of the Company.
2. Approved the Alteration of capital clause of the Memorandum of Association and Articles of Association.
3. Approved the issue of 1,05,00,800 Equity Shares of Rs. 10/- each of the Company at a premium of Rs. 60/- per share for a sum aggregating to Rs. 73,50,56,000/- on right basis in the ratio of One (1) Equity share for every One (1) Equity share held and for every one (1) Equity share being allotted on Right Basis.
4. Approved the issue of securities through Global Depository Receipts (GDR) and American Depository Receipts (ADR).
Sensex
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Sunday, February 20, 2011
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