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| Exchange Disseminated Time | Tulsyan NEC Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 18, 2009, has decided the followings:
1. To offer, issue and allot Equity Shares of Rs 10/- (Rupee Ten) each for cash at a premium with a price band of Rs 32/- to Rs 40/- per share on Right Basis aggregating to Rs 50,00,00,000/-(Rupees Fifty Crore) only to all those shareholders whose name appear on the Register of Members or on list of depositories as beneficial owner as at the end of business hours on such date as may be fixed for the purpose by Board or to such person or persons who may or may not be the shareholders of the Company.
2. To increase the Authorized Share Capital of the Company to Rs 22.00 crores from the existing Rs 10.00 crore and consequent changes in the Capital Clause of Memorandum & Articles of Association of the Company.
3. To obtain approval of the shareholders at the Annual General Meeting (AGM) of the Company to be held on September 16, 2009. |
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