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| Exchange Disseminated Time | Kabra Extrusiontechnik Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on August 26, 2010, inter alia, to transact the following business:
1. To increase the Authorised Share Capital of the Company from Rs. 10,00,00,000/- (Rupees Ten Crores Only) divided into 20000000 (Two Crores) Equity Shares of Rs. 5/- (Rupees Five Only) each to Rs. 20,00,00,000/- (Rupees Twenty Crores Only) divided into 40000000 (Four Crores) Equity Shares of Rs. 5/- (Rupees Five Only) each & consequential alternation in the Memorandum & Articles of Association of the Company.
2. To capitalise a sum of Rs. 7,97,55,800 (Rupees Seven Crores Ninety Seven Lakhs Fifty Five Thousand Eight Hundred Only) being a part of the amount standing to the credit of Company’s Securities Premium Account / General Reserve Account and / or such other accounts of Company, as are permissible to be utillised for the purpose, as per the audited accounts of the Company for the financial year ended March 31, 2010 and the said sum being available and set free for distribution be applied in paying up in full for 15951160 Equity Shares of Rs. 5/- (Rupees Five Only) each in the capital of the Company to be allotted and distributed as fully paid up Bonus Shares to and amongst the holders of existing fully paid equity shares of Rs. 5/- (Rupees Five Only) each of the Company, whose name will appear as a member / beneficial owner of the Company on a date to be decided by the Board in that behalf as a record date, in the proportion of 1 (One) new equity share for every 1 (One) existing fully paid equity share held by such member on the said date, on the footing that such member become entitled to the new equity share as capital and not as income, subject to necessary provisions & approvals. |
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