Emporis Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 19, 2011, has approved the following Business matters:
1. To raise funds for mining and other related activities through the Issue of Further shares either by way of Preferential / FPO / GDR / FCCB / OCCPs upto US $ 50 Millions, subjects to the Members Approval and in compliance with the ICDR Regulations, 2009 and other applicable Acts.
2. Incorporating Subsidiary Company in India or overseas and investing in subsidiary pursuant to the applicable provisions if any of the Companies Act, 1956, FEMA Act, 1999 and other applicable rules and regulations.
3. To take the Members Approval pursuant to section 293 (1) (d) of the Companies Act, 1956 upto US $ 50 Millions.
4. To take the members approval for mentioned business their meeting will be held.
Sensex
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Tuesday, May 24, 2011
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