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| Exchange Disseminated Time | Cerebra Integrated Technologies Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held at 11.00 a.m. on May 23, 2011, at the Registered Office of the Company, inter alia, to transact the following:
1. Increase in Authorised share capital of the Company from the existing Rs.45,00,00,000 (Rupees Forty Five Crores only) divided into 4,50,00,000 ( Four Crores Fifty Lakhs ) Equity Shares of Rs.10/- each to Rs. 50,00,00,000 (Rupees Fifty Crores) divided into 5,00,00,000 (Five Crores) Equity Shares of Rs.10/- each by creation of additional 50,00,000 (Fifty Lakhs) Equity Shares of Rs.10/- each ranking pari passu with the existing Equity Shares and subsequent changes in Memorandum & Article of Association.
2. Authority to the Board to create, offer, issue and allot up to 3443750 Equity Shares of Rs. 10/- each at such price as may be reckoned in terms of SEBI, (Issue of Capital and Disclosure Requirements) Regulations, 2009, on a preferential basis to strategic investors as set out herein below, on such terms and conditions as may be decided and deemed appropriate by the Board of Directors of the Company (the "Board" which term shall include any duly authorized Committee thereof) at the time of issue or allotment, subject to necessary provisions and approvals.
3. Appointment of Mr. P Bharath, "relative" of Mr. P Vishwamurthy, a Director of the Company as 'Chief Operating Officer - Hardware Division' in the senior management cadre of the Company, for holding and continuing to hold an office or place of profit on remuneration, terms & conditions, subject to necessary provisions and approvals. |
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