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| Exchange Disseminated Time | Celebrity Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 14, 2012, has approved the following subject to approval from shareholders at the Extra Ordinary General Meeting to be held on October, 10, 2012:-
1. Scheme of Restructuring package / Rehabilitation scheme subject to the approval of State Bank of India, HDFC Bank Limited and appropriate statutory/Regulatory Authorities.
2. Alteration of Memorandum and Articles of Association.
3. Increase in Authorized Share Capital of the Company subject to alteration.
4. Issue of Cumulative Redeemable Preference shares (CRPS) to State Bank of India and HDFC Bank Limited by conversion of Debt.
5. Issue of Equity Shares to State Bank of India and HDFC Bank Limited by Conversion of Debt.
6. Issue of Equity shares on Preferential Basis to Promoters of the Company.
7. Issue of Equity Shares on Preferential Basis to Davos International Fund (FII).
8. Notice convening the Extra-Ordinary General Meeting of the Company. |
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