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| Exchange Disseminated Time | Somany Ceramics Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on October 30, 2010, inter alia, to transact the following :
1. To sub-divide every equity share of the Company having a nominal face value of Rs. 10/- (Rupees Ten) each, into 5 equity shares having a nominal face value of Rs.2/- (Rupees Two) each and accordingly the relevant capital clause 5 In the Memorandum of Association of the Company be altered/amended suitably.
2. To alter the Authorised Share Capital of the Company from the existing Capital of Rs. 25,00,00,000/- (Rupees Twenty five Crore only) comprising of 1,50,00,000 (One Crore Fifty Lac) Equity Shares of Rs. 10/- (Rupees Ten) each and 10,00,000 (Ten Lac) Preference Shares of Rs. 100/- (Rupees One hundred) each, to Rs. 25,00,00,000/- (Rupees Twenty Five Crore only) divided into 12,50,00,000 (Twelve Crore Fifty Lac) Equity shares of Rs. 2/- (Rupees Two) each by sub-division of 1,50,00,000 existing equity shares of Rs. 10/- each into 7,50,00,000 equity shares of Rs. 2/-each and by reclassifying unissued 10,00,000 Preference Shares of Rs. 100/- each by cancelling the same and simultaneously creating in lieu thereof 5,00,00,000 equity shares of Rs. 2/- each and consequently the respective Clause 5 of the Memorandum of Association of the Company be and is hereby altered by deleting the same and substituting in place and stead the new Clause 5. |
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