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| Exchange Disseminated Time | Sanwaria Agro Oils Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 29, 2011, inter alia, have accorded to the following:
1. Accorded to increase authorized share capital of the Company by addition thereto of the sum of Rs. 19,00,00,000/- (Rupees Nineteen Crore) beyond the present authorized capital of Rs. 21,00,00,000/- (Rupees Twenty Crores). The increased Authorised Capital is divided into 38,00,00,000 (Thirty Eight Crore) Equity Shares of Re. 1/- each and 20,00,000 (Twenty Lakhs) Preference Shares of Rs. 10/- each & consequential amendment in the Memorandum of Association of the Company.
2. Pursuant to the recommendation of Board of Directors and pursuant to Articles of Association of the Company approval of shareholders be and is hereby given for allotting 1174025000 equity shares of Re. 1/- each credited as fully paid bonus shares to the holders of the existing equity shares in proportion of 1 equity share for every 1 equity shares held by them as on April 08, 2011 to be fixed as record date.
3. Authority to the Board to create, issue, offer and allot equity shares for an amount not exceeding Rs. 300 crores to be raised in one or more trenches by way of private placement of equity shares including allotment to Qualified Institutional Buyers (QIBs) through Qualified Institutional Placement (QIP) in terms of Chapter VIII of the Securities and Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2009 (ICDR Regulations) or through public issue, rights issue and/or private offerings in and to be listed on domestic and/or one or more international market(s), whether by way of direct issue of equity shares or through depository receipts, whether Global Depository Receipts or American Depository Receipt or Foreign Currency Convertible Bonds (FCCBs) and/or any instrument or securities convertible into equity shares at the option of the holder(s), whether or not such investors are existing shareholders of the Company at such price or prices, at market price(s) or at a discount or at a premium to market price(s) in such manner and where necessary in consultation with the Book Running Lead Manager(s) and / or underwriters and /or other advisors or otherwise on such terms and conditions as the Board may, in their absolute discretion, decide at the time of the issue subject to necessary provisions & approvals. |
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