Parrys Sugar Industries Ltd has informed BSE that the Board of Directors of the Company has decided to convene an Extra Ordinary General Meeting (EGM) on June 28, 2011, inter alia, to obtain the approval of the shareholders for the following proposals :
1. To increase the Authorised Capital of the Company from Rs.75 Crores to Rs. 175 Crores.
2. Issue of 8% Preference Shares of Rs.10/- each aggregating to a nominal amount not exceeding Rs. 100 Crates (Rupees One hundred Crores) to the promoters or such other investors in one or more tranches and on such terms and conditions as the Board may decide.
Sensex
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Thursday, June 02, 2011
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