|
| Exchange Disseminated Time | Kiri Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 18, 2012, has taken the following decisions:
1. Revised conversion price of proposed FCCBs to Rs. 11.92 per equity share based on the average of the weekly high and low of the closing price of shares two weeks preceding the date of Board Meeting.
2. Approved change of name of the Company from Kiri Industries Limited to Equinaire Chemtech Limited, subject to approval of Ministry of Corporate Affairs and shareholders and other required approvals.
3. Approved Reorganisation of the Authorized Share Capital by Transferring 10,00,00,000 un-issued preference authorized share capital into equity authorized share capital subject to the approval of shareholders of the Company.
4. Approved issue of equity shares/compulsorily convertible preference shares / warrants to promoters/promoters group on preferential basis to the tune of Rs. 13.00 crores, subject to the approval of shareholders and in compliance with the SEBI (ICDR) regulations 2009 and the listing agreement.
5. Authorised Committee of Directors to fix date of Extra Ordinary General Meeting of the Company. |
|
|