Corporate Announcement
Security Code : 526642    Company : MIRZAINT    
 
Mirza International - Outcome of Board Meeting 
  Exchange Disseminated Time     
Mirza International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 27, 2007, inter alia, has decided to call the Extra Ordinary General Meeting of the Company for shareholders approval on the following matters:

1. To raise Capital by issue of Securities in Domestic and International market in the form of American Depository Receipts (ADR), Global Depository Receipts (GDR), Foreign Currency Convertible Bonds (FCCB), Preferential Issue to Qualified Institutional Placements (QIPs) etc. for an aggregate amount of USD 50.00 millions through Public Offering / Private Placement / Preferential Issue or otherwise for Long Term Capital Expenditure and ongoing expansion programme of the Company.

2. To sub-divide the face value of the equity share of the Company from Rs 10/- per share to Rs 2/- per share in order to increase the liquidity of Company's shares in Stock market and to make it affordable to small investors.
 

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