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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 August 27, 2010, inter alia, have considered and approved the following business :
1. The Board had accorded its consent to issue upto 1,00,00,000 Equity Shares on a preferential basis to loan creditors belonging to the Promoter group category and on cash basis to the Non Promoter group category at a price of Rs. 12/- each (including a premium of Rs. 2/- per share) in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009.
2. The Board had considered the proposal for issuance of Non-Convertible Secured Debentures on private placement basis.
3. Inclusion of above two business in the upcoming Annual General Meeting of the Company to be conducted on September 27, 2010 to take the necessary approval and consent of the shareholders. |
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