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IOL Chemicals And Pharmaceuticals Limited, Punjab

IOL Chemicals And Pharmaceuticals Limited, Punjab

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1st September 2012
OUTCOME OF THE BOARD MEETING HELD ON 01 SEPTEMBER 2012

The Board of Directors in its meeting held on Today i.e. 01 September 2012 has approved the following matters:   1.    Re-classifies the Authorised Share Capital of the Company from 54 crores consisting of        4.9 crores equity share of 10 each  and 50 lacs  preference share of 10 each  to       3.2 crores equity share of 10 each and 2.2 crores preference shares of 10 each and to recommend the same to the members for their approval at the ensuing Annual General Meeting of the Company.     2.    Issue of 26,64 ,000 equity shares of face value 10/- each as per SEBI Regulations to the Promoters / Promoter group companies on the Preferential basis and to recommend the same to the members for their approval at the ensuing Annual General Meeting of the Company. 3.    Issue of 1,70,00,000 Non Convertible, Non Cumulative ,1% Redeemable  Preference Shares  of 10 each as per SEBI Regulations to the Promoters / Promoter group companies and other person on the Preferential basis and to recommend the same to the members for their approval at the ensuing Annual General Meeting of the Company.    






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