Corporate Announcement
Security Code : 531936    Company : BLUECHIP    
 
Blue Chip Board approves preferential issue of securities 
  Exchange Disseminated Time     
Blue Chip (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 09, 2005, has decided to issue 200,00,000 Equity Shares of Face Value of Rs 2/- each and 200,00,000 Equity Share Warrants convertible into Equity Shares to entities other than promoters of the Company on preferential basis at a price as applicable in accordance with SEBI Guidelines and in terms of provisions of Section 81 of the Companies Act 1956.

Further the Company has informed that the Board has decided to call an Extra-Ordinary General Meeting (EGM) of the Company on October 18, 2005, in order to obtain approval of the Shareholders as per requirement of Section 81 of the Companies Act 1956.
 

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