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| Exchange Disseminated Time | Swan Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 12, 2010, inter alia, taken the following decisions:
1. To increase the Authorised Share Capital of the Company from existing Rs. 19.25 crores to Rs. 100.25 crores and to alter the Capital Clause of the Memorandum & Articles of Association of the Company accordingly, subject to approval of the Shareholders of the Company in Extra-Ordinary General Meeting;
2. To raise long term funds by issue of further securities upto an amount of Rs. 300 Crores through public issue and/or on a private placement basis and/or Qualified Institutional Placement (QIP) within the meaning of Chapter VIII of the SEBI ICDR Regulations, subject to approval of the Shareholders of the Company in Extra Ordinary General Meeting;
3. To convene an Extra-Ordinary General Meeting of the Shareholders of the Company
on March 11, 2010 for seeking approval of the shareholders as above. |
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