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| Exchange Disseminated Time | Refex Refrigerants Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the following Resolution:
- Issue of Equity Shares on Preferential Allotment basis to Promoters of the Company:-
- To create, issue/offer and allot upto a maximum of 4,00,000 (Four Lakhs Only) Equity Shares of Rs. 10 each fully paid at an issue price of Rs.200 per equity share including premium of Rs.190 per Equity Share or at the issue price arrived at as provided in the SEBI (Issue of Capital and Disclosure Requirements), Regulations 2009 based on the relevant date which is December 31, 2010, whichever is higher to the promoter group of the Company comprising of individuals and Bodies Corporate, as more described in the explanatory statement forming part of this notice, on a Preferential Allotment basis to the extent and in one or more tranches and the manner as may be decided by the Board, by conversion of existing unsecured loans lent by such proposed allotees to the Company, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. R Muthukrishnan, Practicing Company Secretary, as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer on or before January 29, 2011.
The scrutinizer will submit his report to the Chairman after completion of the scrutiny and the results of the postal ballot will be announced on January 31, 2011. |
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