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| Exchange Disseminated Time | Jayaswal Neco Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 29, 2011, inter alia, to consider and take on record the Unaudited Financial Results for the quarter ended June 30, 2011 and also to consider to increase Authorised and Paid up Capital of the Company appropriately, so as to raise equity for funding the expansion projects under implementation.
Accordingly, the proposals for increase in authorised share capital, consequential alterations to the Memorandum and Articles of association and issue of equity shares on preferential basis to entities belonging to Promoter group and other than Promoter group and the terms and conditions thereof shall be finalised. Necessary resolutions shall be placed before the Members of the Company at the forthcoming Annual General Meeting to be held on or around September 15, 2011 for their approval. |
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