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| Exchange Disseminated Time 02/03/2016 19:08:42 | Vaswani Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 02, 2016, inter alia, has decided:
1. To issue 1345300 equity shares of face value of Rs. 10/- at a price as per Regulation 76 of ICDR Guidelines to Promoters on preferential allotment basis, being less than 5% (i.e 4.70%) of the post issue equity share capital of the Company subject to the approval of the members of the Company in General Meeting by way of special resolution as required to be passed under the provisions of the Companies Act, 2013 as well as such other provisions of SEBI (Disclosure and Investor Protection) Guidelines and such other approvals, consent, sanction etc. as may be required for this purpose.
2. An Extra Ordinary General Meeting of the shareholders of the Company will be convened on March 30, 2016 for the above purpose and
3. Review of the report of the meeting of independent director. |
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