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| Exchange Disseminated Time | Tayo Rolls Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 03, 2014 have decided the following:
1. To increase the Authorised Share Capital of the Company from existing Rs. 200,00,00,000/- (Rupees two hundred crores only) divided into 1,50,00,000 (one crore fifty lakhs) Equity Shares of Rs. 10/- (Rupees ten only) each and 185,00,000 (one crore eighty five lakhs) Redeemable Preference Shares of Rs. 100/- (Rupees one hundred only) each to Rs. 350,00,00,000/- (Rupees three hundred fifty crores only) divided into 1,50,00,000 (one crore fifty lakhs) Equity Shares of Rs. 10/- (Rupees ten only) each and 335,00,000 (Three crore thirty five lakhs) Redeemable Preference Shares of Rs. 100/- (Rupees one hundred only) each, by creation of additional 150,00,000 (one crore fifty lakhs) Redeemable Preference Shares of Rs. 100/- (Rupees one hundred only) each and to alter the Clause 5 of Memorandum and Articles of Association of the Company accordingly.
2. To hold an Extraordinary General Meeting of the Company on May 12, 2014.
3. The Board has appointed following executive as the Key Managerial Personnel of the Company:
i. Mr. K. Shankar Marar - Managing Director
ii. Mr. Suresh Padmanabhan - Deputy Chief Financial Officer
iii. Mr. Prashant Kumar - Company Secretary & C.O. |
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