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| Exchange Disseminated Time | Ybrant Digital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2012, inter alia has decided that as the formalities and documentation could not be completed with 15 days from the date of EGM, it would be in favor of the Company to call another EGM for approving the below mentioned resolutions
1. Reconsidered and approved the proposal for issue of Optionally Convertible Loan Instruments (OCL) with option to convert such loan either fully or partly into equity shares of the Company at a price as per SEBI (ICDR) Guidelines, 2011 to persons other than promoters.
2. Reconsidered and approved the proposal for preferential issue of CCPS / Equity shares for raising long term funds at a price as per SEBI (ICDR) Guidelines, 2011.
3. Convening the Extra-Ordinary General Meeting (EGM) to seek members approval for the above proposal. |
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