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| Exchange Disseminated Time | Sanwaria Agro Oils Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 22, 2010, inter alia, have passed the following resolutions:
1. Authority to the Board to create, issue, offer and allot equity shares for an amount not exceeding Rs. 235 crores to be raised in one or more trenches by way of private placement of equity shares including allotment to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP) in terms of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 (ICDR Regulations) or through Preferential Issue in terms of Chapter VII of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 (ICDR Regulations) or through public issue, rights issue and/or private offerings in and to be listed on domestic and/or one or more international market(s), whether by way of direct issue of equity shares or through depository receipts, whether Global Depository Receipts or American Depository Receipt or Foreign Currency Convertible Bonds (FCCBs) and/or any instrument or securities convertible into equity shares at the option of the holder(s), whether or not such investors are existing shareholders of the Company at such price or prices, at market price(s) or at a discount or at a premium to market price(s) in such manner and where necessary in consultation with the Book Running Lead Manager(s) and /or underwriters and /or other advisors or otherwise on such terms and conditions as the Board may, in their absolute discretion, decide at the time of the issue subject to necessary provisions & approvals.
2. To constitute Fund Raising/QIP Committee to take all such steps and to do all such acts, deed, matters and things and accept any alterations or modification(s) as the Committee may deem fit and proper and give such directions as may be necessary to settle any question or difficulties that may arise in regard to fund raising including issue and allotment of equity shares/warrants. |
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