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| Exchange Disseminated Time | Suraj Products Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 28, 2013, inter alia :
1. Board has approved the re-appointment of Mr. Yogesh Kumar Dalmia as whole-time Director designated as the Chairman of the Company w.e.f. September 01, 2013 for a further period of five years, subject to approval of the members at the forthcoming Annual General Meeting.
2. Board has approved the proposal to increase the Authorised Capital of the Company from Rs. 6,00,00,000/- (Rupees Six Crore) divided into 60,00,000 equity shares of Rs. 10/- each to Rs. 12,00,00,000/- (Rupees Twelve Crore) divided into 1,20,00,000 equity shares of Rs. 10/- subject to the approval of the members at the forthcoming Annual General Meeting of the Company.
3. The Board has accorded its consent to issue upto 55,00,000 Equity Shares on a preferential basis to loan creditors belonging to the Promoter and Non Promoter group at a price of Rs. 20/- each (including a premium of Rs. 10/-per share) in terms of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009. |
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