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| Exchange Disseminated Time | A2Z Infra Engineering Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 16, 2015, subject to the approval of the shareholders of the Company in the ensuing Extra Ordinary General Meeting inter-alia, has passed the necessary resolution in connection with the following:-
1. Increase in Authorized Share Capital of the Company from existing Rs. 126,00,00,000/- (Rupees One Hundred and Twenty Six Crores Only) to Rs. 160,00,00,000/- (Rupees One Hundred Sixty Crores only).
2. Preferential Issue of 2,75,25,000 (Two Crore Seventy Five Lacs Twenty Five Thousand) Warrants to persons other than the Promoters and Promoter Group on preferential basis with an option to the warrant holders to acquire same number of equity shares of Rs. 10/-each at a price to be calculated as per Chapter VII of SEBI (ICDR) Guidelines, 2009 as amended from time to time.
The "Relevant Date" for the purpose of pricing of the proposed preferential allotment will be July 18, 2015 (i.e. the date thirty days prior to the date of shareholder's meeting for considering and approving the preferential issue.)
Accordingly, an Extraordinary General Meeting of the Company will be held on August 17, 2015 at Gurgaon for obtaining the necessary Shareholder's approval. |
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