|
| Exchange Disseminated Time | Jayaswal Neco Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2012 has subject to requisite approvals of Stock Exchanges and others approved issue of further 3,88,63,000 Equity Shares of Rs. 10/- each at Premium of Rs. 30/- per share on preferential basis for the purpose of raising further Equity as a part of Equity contribution towards expansion projects of the Company under implementation.
The Board of Directors has also approved to convene Extraordinary General Meeting of the Members of the Company on March 12, 2012, at the registered office for obtaining approval of the Members of the Company to the aforesaid preferential issue under Section 81 (1A) of the Companies Act, 1956. |
|
|