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| Exchange Disseminated Time | Cubex Tubings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 15, 2005, inter alia, has passed the following items:
1. Increase of Authorised Capital of the Company from Rs 100 million to Rs 200 million.
2. Issue of 2,50,000 Equity shares on preferential basis to promoters at such price as per SEBI Guidelines.
3. Issue of 8,00,000 Equity shares on Preferential basis to persons other than promoters at such price as per SEBI Guidelines.
4. Alteration of Articles of Association of the Company to include the relevant Articles(S) for ESOS.
5. Issue of Share Warrants Convertible into Equity to the employees, not exceeding 10% of the paid up capital of the Company, under Employees Stock Option Scheme (ESOS).
6. Issue of securities by way of Global Depository Receipt (GDR) or Foreign Currency Convertible Bonds or otherwise for an amount not exceeding US $10 million.
7. Convening of the 26th Annual General Meeting on October 25, 2005. |
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