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| Exchange Disseminated Time | Visagar Polytex Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the Company will be held on March 06, 2012, inter alia, to consider the following resolution :
1. To offer, issue and allot upto 3,40,000 Optionally Fully Convertible Warrants (OFCW's) with an entitlement to convert into/exchange with the equal number of Equity Shares of face value of Re. 1/- each of the Company on Preferential basis to the investors, with each warrant convertible into Equity Share of the Company of nominal value of Re. 1/- each at price of Rs. 160.00 which includes a premium of Rs. 159.00 per share calculated in accordance with the guidelines for Preferential Issues contained in Chapter VII of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 and in such a manner and on such terms and conditions as may be determined by the Board in its absolute discretion provided that the price of the Equity Shares so issued shall not be less than such amount as would be determined under the Preferential Issue Guidelines. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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