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| Exchange Disseminated Time | Paras Petrofils Ltd has informed BSE that at the Extraordinary General Meeting of the company held on March 28, 2003 the shareholders have approved the alteration Authorised Capital of the Company, of Rs 29,50,00,000 divided into 2,52,57,100 Equity Shares of Rs 10 each and 42,42,900 11% Non Cumulative Preference Shares of Rs 10 each, by conversion of 8,80,700 unissued preference shares of Rs 10 each into equity shares.
Further the shareholders also authorised the Board of Directors to Issue, offer and allot upto 39,00,000 equity shares of face value of Rs10 each on private placement / preferential allotment basis.
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