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| Exchange Disseminated Time | Sanwaria Agro Oils Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 29, 2011, inter alia, to transact the following business:
1. To increase the authorized share capital of the Company from Rs. 210000000/- (Rupees Twenty One Crores) divided into 210000000 Equity Shares of Rs. 1/- each to Rs. 400000000/- (Rupees Forty Crores) divided into 380000000 Equity Shares of Rs. 1/- each and 2000000 Preference Shares of Rs. 10/- each and consequential alteration in clause V of the Memorandum of Association of the Company.
2. To capitalise upto Rs. 174025000 out of “General Reserves” as on March 31, 2010 and transferred to share capital account / towards issue and allotment of equity shares not exceeding 174025000 equity shares of Rs. 1/- each, as bonus shares credited as fully paid-up, to members of company holding equity shares whose names stand in the register of members of the company on record date as the directors may determine, in that behalf in the proportion of 1 new fully paid-up equity shares of Rs. 1/- each for every 1 Equity Share of Rs. 1/- each, held as on record date and that the bonus shares so issued and allotted be treated for all purposes as an increase of the nominal amount of the Equity Capital of the Company held by each such member / person and not as income and that the said Equity Shares be issued and allotted, on necessary terms and conditions.
3. To create, issue, offer and allot equity shares for an amount not exceeding Rs. 300 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 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 for underwriters and lot 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. |
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