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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 December 24, 2009, inter alia, to transact the following business:
1. To create, issue, offer and allot equity shares for an amount not exceeding Rs. 200 crores to be raised in one or more tranches 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 markers), 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 appoint M/s. Sunil Saraf & Associates, Chartered Accountants, Indore as auditors of the Company to fill the vacancy caused by the resignation of M/s. Khandelwal Kakani & Company, Chartered Accountants, Indore, to hold the office from the date of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. |
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