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| Exchange Disseminated Time | Agio Paper & Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2011, have considered and approved, subject to the approval of the Members of the Company pursuant to Section 192A of the Companies Act, 1956, an issue of:
Upto 1,00,00,000 Equity Shares on a preferential basis to the Promoter and Non Promoter group category at such price and on such other terms and conditions as the Board may in its absolute discretion decide, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations) and
Sell / lease / transfer and/or dispose off Company's assets pursuant to section 293(1) (a) of the Companies Act, 1956
The Company proposes to obtain the content of the Members by means of a Postal Ballot, for which the Company has February 07, 2011, as the cut-off date to ascertain the list of Members and the voting rights on the paid-up value of shares registered in the name of the shareholders on the date of dispatch of the notice.
The said postal ballot shall be conducted pursuant to section 192A of the Companies Act, 1956 read with the Companies (Passing of the resolution by Postal Ballot) Rules, 2001. The Board appointed M/s. A. K. Labh & Co., Company Secretaries as scrutinizer for conducting the postal ballot pursuant to the guidelines specified in this regard. |
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