News Room

The Board of Directors in its meeting held on today i.e.21 May 2014 has approved the following 1. Increase in the Authorised Share Capital of the Company from 54 crores to 80 crores. 2. Issue of upto 50.00,000 equity shares of face value 10/- each and issue of upto 1,10,00,000 equity warrants, carrying an option to the holder of such warrants to subscribe to one equity share of face value of 10/- each for each warrant held within 18 months from the date of allotment of the warrants , on preferential basis, as per the SEBI ( ICDR ) Regulations to the Non-Promoters . 3. Preponing the redemption of 1,50,10,000,1% Non Cumulative Redeemable Preference Shares of face value of 10/- each issued to the promoter group companies and 50,00,000,7% Non Cumulative Redeemable Preference Shares of face value of 10/- each issued to non promoters by way of issue equity share of 10/- each as per the SEBI ( ICDR ) Regulations . 4. Convening of Extra-ordinary General Meeting on 20 June 2014