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| Exchange Disseminated Time | Vaswani Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 26, 2013, inter alia, has considered the following:
1. The Board has decided to issue 1364500 equity shares to Promoters on preferential allotment basis, being less than 5% of the post issue equity share capital of the Company subject to the approval of the members of the Company in Annual General Meeting by way of special resolution as required to be passed under the provisions of the Companies Act, 1956 as well as such other provisions of SEBI (Disclosure and Investor Protection) Guidelines and such other approvals, consent, sanction etc. as may be required for this purpose.
2. The Board has not recommended any dividend on Equity Shares of the Company.
3. The Board has decided to add new clause 83 under OTHER OBJETCS in Memorandum of Association subject to the approval of the members of the Company in General Meeting by way of special resolution as require to be passed under the provisions of the Companies Act, 1956. |
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