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| Exchange Disseminated Time | Murudeshwar Ceramics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 17, 2012, have finalized the following, subject to approval of members and statutoary authorities:
1. Alter Articles of Association of the Company appropriately for issue of equity shares / convertible Instruments / warrants.
2. To allot 40 lakhs Equity shares and 105 lakhs Convertible Share Warrants to Murudeshwar Power Corporation Limited having office at Murudeshwar Bhavan, Gokul Road, Hubli on preferential basis and pricing of the said Equity shares Convertible share warrants shall be fixed as per Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 (the "ICDR Regulations")
3. The Board has decided to conduct an Extra Ordinary General Meeting of the Company on March 14, 2012 at Hubli in order to obtain the approval of members for the above said special resolution. |
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