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| Exchange Disseminated Time | Media Matrix Worldwide Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on February 24, 2012, has approved the followings:
1. Appointment of Mr. Suresh Bohra as an additional director.
2. Increase in authorized capital from Rs. 8.5 crore divided into 8.5 crore equity shares of Re. 1/- each to Rs. 150 crore comprising in 150 crore equity shares of Re. 1/- each.
3. Preferential issue of Optionally Fully Convertible Debentures (OFCDs) up to Rs. 25 crore on private placement basis at a price to be determined as per the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) (Amendment) Regulation, 2011, and to be converted into one equity share per OFCD at the time of conversion.
4. Issue of further shares on rights basis.
5. Holding of Extraordinary General Meeting for the purpose of necessary approvals from Shareholders for the above on March 26, 2012 at 4:00 p.m. at 77B, 3rd Floor, IFFCO Road, Sector - 18, Gurgaon, Haryana - 122 015. |
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