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| Exchange Disseminated Time | Signet Overseas Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on November 30, 2009, inter alia, to transact the following business:
1. To capitalize Rs. 3,24,30,000/- (Rs. Three Crores Twenty Four Lacs Thirty Thousand Only) standing to the credit of Profit & Loss Account as at March 31, 2009 and to transfer from Profit & Loss Account to Share Capital and the aforesaid sum of Rs. 3,24,30,000/- (Rs. Three Crores Twenty Four Lacs Thirty Thousand Only) be applied for allotment of bonus shares to the persons who, on a record date to be hereafter fixed by the Director(s), shall be to the holders of the existing 1 (One) equity shares of Rs. 10/- each and such 2 (Two) new equity shares out of the Company’s unissued equity shares, credited as fully paid, be accordingly allotted as bonus shares to such persons respectively as aforesaid, in the proportion of 2 (Two) new equity shares for every 1 (One) existing equity share held by such persons respectively on the said date, upon the footing that they become entitled thereto for all purposes as capital, subject to necessary provisions & approvals.
2. To change the name of the Company from "SIGNET OVERSEAS LTD" to "SIGNET INDUSTRIES LTD" & consequential amendment in the Memorandum of Association of the Company. |
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