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Thursday, May 12, 2011

Kew Industries Ltd: Outcome of Board Meeting

Kew Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 12, 2011, inter alia, has decided to raise funds by issuing 2,10,00,000 nos. of warrants convertible into equal number of equity and 30,00,000 nos. of equity shares of Rs. 10/- each to resident investors on preferential basis who are not considered as promoters in accordance with the SEBI Guidelines.

Accordingly it has been decided to call an Extra Ordinary General Meeting of the company on Monday, June 20, 2011 to consider and approve the above said matter.

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