New Horizon Leasing & Finance Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 18, 2011, inter alia, have approved the following, subject to the approval of the members at the ensuing General Meeting of the Company:
1. To increase the Capital of the Company and consequent alteration of Capital Clause of the Memorandum and Articles of Association of the Company.
2. To issue shares on Rights basis, to the existing shareholders up to Rs. 100 crores only (Rupees One Hundred crores only).
3. To appoint Sri. T Rajkumar as Chairman and Managing Director of the Company with effect from April 01, 2011.
4. To alter the clause 113 of the Articles of Association relating to Qualification of shares.
5. To convene an Extra Ordinary General Meeting of the Members of the Company by March 18, 2011.
Sensex
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Friday, February 18, 2011
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