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| Exchange Disseminated Time | Murudeshwar Ceramics Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on March 14 2012, inter alia, to transact the following business:
1. To amend the Articles of Association of the Company.
2. Authorized to offer, issue and allot for cash on a preferential basis the following equity shares and Convertible Share Warrants on such terms as may be deemed appropriate by the Board of the Company upto:
- 40,00,000 (Forty Lakhs Only) equity shares at the rate of Rs. 17.00/- per equity share (lace value per share Rs. 10/- to Rs. 6,80,00,000/- (Rupees Six Crores Eighty Lakhs only); and
- 1,05,00,000 (One hundred five Lakhs Only) Convertible Share Warrants at the rate of Rs. 17.00/- per warrant (convertible into one equity share of face value per share Rs. 10/-) aggregating to Rs. 17,85,00,000/- (Rupees Seventeen Crores Eighty five Lakhs Only) and which are convertible into equity shares of the Company within a period not exceeding eighteen months from the date of allotment of Convertible Share Warrants in accordance with SEBI (ICDR) Regulations on preferential basis to Murudeshwar Power Corporation Limited, Hubli:
Name of the Proposed Allottees: Murudeshwar Power Corporation Limited
Maximum No. of Equity Shares to be Allotted: 40,00,000
Maximum No, of convertible share Warrants to be Allotted: 105,00,000 (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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