GEI Industrial Systems Ltd has informed BSE that the Investment Committee of Board of Directors formed pursuant to the Board Meeting dated January 31, 2011, had reviewed the Draft Notice of the Extra-Ordinary General Meeting and made the following changes due to regulatory requirements :
"Issue of upto 54,668 5% Cumulative Convertible Preference Shares (CCPs) to BanyanTree Growth Capital LLC instead of 45,557 CCPs and 9,111 Warrants, indicated earlier."
Further the Company has informed that, there is no impact of this on the overall equity shares to be issued post-conversion of CCPs and Warrants.
Sensex
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Thursday, February 03, 2011
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