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| Exchange Disseminated Time | Vora Constructions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 08, 2014, has discussed the following matters alongwith the general business matters:
1. To discontinue the activities relating to NBFC business from December 31, 2014 other than as permitted under Companies Act, 2013.
2. To take steps to surrender the NBFC Registration.
3. To take up business of works contract, constructions & development of commercial and residential properties as per the Main Objects of the Company.
4. To raise further funds for the above activities through issue of 60 Lacs Equity Shares / Optionally Convertible Warrants on Preferential basis as per SEBI Regulations to Promoter Group, Strategic Investors & Other Prospective Investors as the Board may deem fit in order to meet its long term working capital requirement & general business purpose.
5. To increase the authorized capital of the Company from 2.25 Crores to 8 Crores.
6. The matter for appointment of Chief Financial Officer was considered & after confirming the availability of suitable appointee, appointment will be made.
7. The matter for appointment of Company Secretary was considered & after confirming the availability of suitable appointee, appointment will be made.
8. To issue notice for the above agenda with respect to Extra Ordinary General Meeting, Postal Ballot / e-Voting compliance as deemed fit for the obtaining the consent of Shareholders for Preferential Issue of Shares / Warrants. |
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