Jalan Metallurgical Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 11, 2011, has taken the following decisions:
1. To increase authorized share capital of the Company, from existing Authorized Share Capital of Rs. 5,00,00,000 [Rupees five Crores Only) to Rs. 21,00,00,000 (Rupees Twenty One crores Only) by issuing 2,10,00,000 [Two crore Ten Lacs) Equity Shares of Rs. 10/-each subject to consent of the members of the Company.
2. To raise fund to the tune of Rs. 16,00,00,000 (Rupees Sixteen Crore Only) by offering, issuing and allotting 1,60,00,000 (One Crore Sixty Lacs) convertible warrants on preferential basis, subject to consent of the members of the Company.
3. Company make an application to ROC to change name of the Company.
4. Draft Notice of Extra Ordinary General Meeting of the members of the Company for consent of shareholders of the Company for the increase of authorized share capital and to raise funds to the tune of preferential issues is approved and Secretary/Director or any other person is authorized to issue the notice to the shareholders of the Company.
Sensex
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Sunday, March 13, 2011
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