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| Exchange Disseminated Time | Coromandel Engineering Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 05, 2013 have subject to the approval of shareholders and other necessary approvals as may be required, approved to create, offer and Issue equity shares of the Company for an amount not exceeding Rs. 60 Crores (Rupees Sixty Crores only) to the equity shareholders of the Company on a "Rights basis" at such price (including premium, if any, as may be decided) as may be determined by the Board or a Committee thereof.
Further the Company has informed that, the Board of Directors have decided to convene an Extraordinary General Meeting scheduled to be held on October 01, 2013 to seek the shareholders approval for the proposed issue of equity shares on Rights basis and increase in Authorised Capital of the company and related matters thereof. |
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