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| Exchange Disseminated Time | Donear Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 22, 2006, has determined the following:
1. To make a public issue for equity shares to raise funds upto Rs 1250 million for part financing of expansion project at Surat, General Corporate Purpose and any other purpose as the board may deem fit.
2. To delegate all powers and authorities of the Board in respect of effecting the public issue to a special Committee of the Company headed by the Managing Director Mr. Rajendra V Agarwal including appointment of Merchant Bankers to the issue.
3. To convene an EGM of shareholders on March 25, 2006 to authorize the proposed public issue of the equity shares of the Company. |
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