|
| Exchange Disseminated Time | MIC Electronics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 26, 2013, inter alia, has approved the following:
1. Issue of 26,995,070 Convertible Preferential Equity Share Warrants to Promoters subject to approval of Shareholders in the ensuing AGM and In principal approval from the concerned Stock Exchanges.
2. Issue of 50,482,000 Convertible Preferential Equity Share Warrants to Investors subject to approval of Shareholders in the ensuing AGM and In principal approval from the concerned Stock Exchanges
3. Employees Stock Option Plan - 2013 subject to approval of Shareholders in the ensuing AGM and In principal approval from the concerned Stock Exchanges. |
|
|