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| Exchange Disseminated Time | Mudra Lifestyle Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 27, 2010 has considered and approved the following:-
1. Issue and allotment of 12,000,000 Equity Shares of face value of Rs. 10/- each of the Company, constituting 25.005% of the post issue equity share capital of the Company on a fully diluted basis at a price of Rs. 60/- per share (i.e. a premium Of Rs. 50 per share), to E-LAND FASHION CHINA HOLDINGS, LIMITED ("Investor") on a preferential allotment basis.
2. The resignation of Mr. Vishwambharlal K. Bhoot, Executive Director from the Board of Directors of the Company w.e.f. November 27, 2010.
3. The appointment of Mr. Shin, Eung Kyun, as an Additional Director of the Company w.e.f. November 27, 2010.
4. The appointment of Mr. Hong, Jung Ho as an Observer of the Company w.e.f. November 27, 2010 to attend all the Meetings of the Board of Directors and Committees thereof. |
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