Perfect-Octave Media Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 21, 2011, inter alia, has transacted the following business:
1. To make preferential allotment of 800,000 Equity Shares of Rs. 10/- each to Non-Promoter at price to be calculated as per SEBI (ICDR) Guidelines, 2009.
2. The Board discussed on the possibility of merger of M/s. Gandhar Media Ltd. and decided to meet once again for finalizing various modalities in this regard including approval of the scheme.
3. The Board discussed the progress made on the proposed TV channel project.
4. The Board has appointed of Mr. Vimal Bhatnagar and Mr. Vijay Negandhi on the Board as a Non Executive Independent Directors.
Sensex
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Sunday, May 22, 2011
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