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| Exchange Disseminated Time | Melstar Information Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 17, 2009, has approved the following matters subject to the approval of Shareholders in the forthcoming Annual General Meeting:
1. Increase in Authorized share capital from Rs 20.00 Crores to Rs 55.00 Crores & consequent amendments in Clause no V of Memorandum of Association and Articles 4 of the Articles of Association of Company.
2. Raising of funds by issuance of equity shares / securities convertible into equity shares in domestic and / or international markets up to a sum of Rs 35.00 Crores. |
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