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| Exchange Disseminated Time 08/11/2016 18:25:15 | Lancer Container Lines Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 08, 2016 started at 4.00 PM and concluded at 5.30 PM, has approved and transacted the following business :
1. Increased the Authorized Share Capital to Rs. 11 Crore and consequent alteration of the capital clause in Memorandum of Association of the Company subject to the approval of members of the company in the Extraordinary General Meeting by way of special resolution as required to be passed under the Companies Act, 2013.
2 .To issue 20,80,000 warrants on a preferential basis, entitling the holder of each warrant, from time to time to apply for and obtain allotment of one equity share of face value of Rs. 10 each fully paid against each such warrant, in one or more tranches, in such manner, at such price and on such terms and conditions as may be determined by board in accordance with SEBI (ICDR) Regulation, 2009.
3. To conduct an Extraordinary General Meeting on December 10, 2016 at 11:00 A.M. at its registered office, 26/27 Arenja Towers CHS Limited, Plot No.49/50/51, Sector 11, CBD Belapur, Navi Mumbai-400614.
4. To appoint Geeta Canabar and Associates, Company Secretary as scrutinizer for above mentioned Extraordinary General Meeting.
5. Any other business transacted:
i. N.S. Bhosale 6t Company, Chartered Accountants is appointed as an Internal Auditor of the company.
ii. Adopted the Policy for the Materiality of any event or information and making disclosure to stock exchange, pursuant to regulation 30(5) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
iii. Adopted the Policy for Preservation of Documents. |
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