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| Exchange Disseminated Time | Ankit Metal & Power Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 29, 2013, have considered and approved the following businesses:
1. Increased the authorised Share Capital from Rs. 100 Crores to Rs. 122.25 Crores divided into 12,22,50,000 Equity Shares of Rs. 10 each.
2. The Board of Directors of the Company has accorded its consent to issue 2,67,00,000 (Two Crores Sixty Seven Lacs) Equity Shares of Rs. 10/- each at a price of Rs. 30/- per shares (including a premium of Rs. 20 per share) in accordance with SEBI (ICDR) Regulations, 2009, to the entities belonging to the promoter group and strategic investors belonging to non-promoter group on preferential basis.
3. Inclusion of above business in the upcoming Annual General Meeting of the Company to be conducted on September 28, 2013 to take the necessary approval and consent of the shareholders. |
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