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| Exchange Disseminated Time | SAL Steel Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 29, 2005, inter alia, to transact the following:
1. To take on record, Quarterly Unaudited results, for the period ended on September 30, 2005.
2. To re-consider the decision taken in the earlier Board Meeting dated September 13, 2005 regarding:
a. To give the preferential allotment of Equity Shares of 5% to the Promoters as per the SEBI Guidelines.
b. To issue warrants of 5% of the capital to the Promoter, Shri Rajendra V Shah / Promoter-Group on private placement basis as per SEBI Guidelines and subject to approval of members in the General Meeting of the Company.
c. Proposed increase of Authorised Share Capital from Rs 950 Million to Rs 1000 Million.
d. To defer the date of proposed Extra Ordinary General Meeting of the Company scheduled to be held on October 22, 2005 and to decide the new date of EGM to approve the above agenda and others, if any, as per the decision of the Board. |
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