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| Exchange Disseminated Time | Genesys International Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 04, 2013, inter alia, has approved the following :
1. The issue and allotment of 40,00,000 warrants of Rs. 100/- each aggregating to Rs. 40,00,00,000/- (Rupees Forty Crores only) convertible into 40,00,000 Equity shares of Rs. 5/- (Rupees Five only) including a premium of Rs. 95/- per Equity Share to the Non-promoter entities on preferential basis through private placement subject to the approval of shareholders pursuant to section 81(1A) of the Companies Act, 1956 and as per Chapter VII of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009, as amended and other applicable rules, regulations and guidelines of SEBI.
2. The approval of aforesaid preferential issue of Warrants by the shareholders will be obtained by way of Extra Ordinary General Meeting of the Company scheduled to be held on September 30, 2013. |
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