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| Exchange Disseminated Time | KLK Electrical Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 02, 2011, inter alia, has decided the following;
1. Co-option of new additional Director of the Company was dropped.
2. Approved issue of Equity Shares of the Company upto 20,00,000 shares of face value of Rs. 10 each against cash to non-promoters at a premium of Rs. 5 (share price Rs. 15) subject to approval of Statutory Authorities and Shareholders.
3. To raise the Authorised capital of’ the Company to Rs. 5,00,00,000
4. Mr. Lavakumar Chairman was authorised to complete all the formalities arising out these decisions. |
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