|
| Exchange Disseminated Time | Super Spinning Mills Ltd has informed BSE that an Annual General Meeting (AGM) of the shareholders of the Company will be held on July 07, 2006, inter alia, to transact the following:
1. Increase in the Authorised Capital from the present level of Rs 55 million divided into 55 lakhs equity shares of Rs 10/- each to Rs 100 million divided into 100 lakhs equity shares of Rs 10/- each.
2. Subdivision of the increased Authorised capital of Rs 100 million divided into 100 lakhs equity shares Rs 10/- each to Rs 100 million divided into 1000 lakhs equity shares of Re 1/- each.
3. Offering of securities by way of placement to Qualified Institutional buyers as per SEBI Guidelines.
4. Issue of securities in Indian and / or International Markets by way of either GDRs / ADRs or other offerings of securities representing equity shares.
(The Total Number of equity shares to be offered either individually or in combination under the offering to QIBs (vide 3 above) and by way of offerings in Indian and / or international Markets by way of GDRs / ADRs / other offering (vide 4 above) will not in aggregate exceed 20,000,000 Equity shares of Re 1/- each).
5. Issue of warrants convertible to equity shares on preferential basis to Promoters / Promoter Group, which will involve allotment of 38,50,000 equity shares of Re 1/- each. |
|
|