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| Exchange Disseminated Time | GI Engineering Solutions Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on December 30, 2009, inter alia, to transact the following :
1. To increase the Authorised Share Capital of the Company from Rs. 8,00,00,000 (Rupees Eight Crore) divided into 80,00,000 (Eighty Lakhs) Equity Shares of Rs. 10/- (Rupees Ten) each to Rs 8500,00,00,000 (Rupees Eight thousand Five hundred Crore only) divided into 850,00,00,000 (Eight hundred Fifty crore) Equity Shares of Rs. 10/- (Rupees Ten) each and consequent amendment in the Memorandum of Association of the Company.
2. To create, offer, issue and allot from time to time in one or more trenches up to 11,00,000 Equity shares of the face value of Rs. 10/- each by way of cash contribution on a preferential basis to the investor i.e. M/s Fortune Private Equity LLC, Abu Dhabi, UAE and / or their Nominees or affiliates and in such manner and on such price, terms and conditions as may be determined by the Board in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 or other provisions of Law as may be prevailing at the time, provided that the minimum price of the Equity Shares so issued shall not be less than the price arrived at in accordance with provisions of Chapter VII - Preferential Issue of SEBI (Issue of Capital and Disclosure Requirements) Regulations. 2009, subject to necessary provisions and approvals. |
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