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| Exchange Disseminated Time | | Maral Overseas Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2005, has approved preferential issue of 12,25,163 Equity Shares of Rs 10/- each fully paid up to be issued for cash at a premium of Rs 40/- per Share aggregating Rs 50/- per Equity Share to Promoters, Directors and Persons acting in concert, which includes Associates, Relative and Friends of such Promoters and Directors of the Company, subject to approval of the Shareholders at the ensuing Extraordinary General Meeting of the Company to be held on September 26, 2005, in accordance with the SEBI (Disclosure & Investor Protection) Guidelines, 2000 for Preferential Issues as in force and subject to regulatory approvals, if any. |
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