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| Exchange Received Time 22/08/2017 15:28:13 Exchange Disseminated Time 22/08/2017 15:28:16 Time Taken 00:00:03 | Further to our letter dated 14/08/2017, this is to inform you that in the forthcoming Annual General Meeting (AGM) of the Members of the Company to be held on 18/09/2017, Special resolution for issue of 25,00,000 Redeemable Preference Shares of face value of Rs. 10/- each at a premium of Rs. 30/- per Redeemable Preference Shares to the promoter of the Company on preferential basis, would be taken up for consideration.
Consequently, Ordinary Resolution would also be taken up for consideration by the members of the Company in the above AGM for necessary reclassification of the Authorised Share Capital of the Company from Rs. 15,00,00,000/- (Rupees Fifteen Crore Only) comprising 3,00,00,000 (Three Crore) Equity Shares of Rs. 5/-(Rupees Five) each to Rs. 12,00,00,000/- (Rupees Twelve Crore Only) comprising 2,40,00,000 (Two Crore Forty Lakh) Equity Shares of Rs. 5/- (Rupees Five) each and 30,00,000 (Thirty Lakh) Redeemable Preference Shares of Rs. 10/- (Rupees Ten) each and to substitute the Clause V of the Memorandum of Association of the Company accordingly.
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