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| Exchange Disseminated Time | Gyscoal Alloys Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 13, 2013, inter alia, has approved the followings:
1. Increase in Authorised Share Capital of the Company to Rs. 27,00,00,000/- (Rupees Twenty Seven Crores only) divided in to 2,70,00,000 Equity Shares of Rs. 10/- each (ranking pari passu with the existing) subject to the approval of members in the ensuing Annual General Meeting of the Company.
2. Preferential issue of equity shares to the Non-promoter group/entities being foreign individuals and/or foreign companies and/or FIIs (Foreign Institutional investors) up to maximum of 1,00,00,000 equity shares at a price being not less than the price determined in accordance with Chapter VII of SEBl (ICDR) Regulations, 2009 subject to the approval of members in the ensuing Annual General Meeting of the Company & any other approval, if required. |
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