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| Exchange Disseminated Time | Swan Mills Ltd has informed BSE that the members of the Company at its Extra-ordinary General Meeting (EGM) of the Company held on March 11, 2010, have passed the following resolutions unanimously:-
1. Ordinary Resolution, pursuant to Sections 16, 94 and other applicable provisions of the Companies Act, 1956, for increase in the Authorised Share Capital of the Company from Rs. 19.25 crore to Rs. 100.25 crore (Rupees One hundred crore Twenty five lacs only), divided into Fifty crore equity shares of Rs. 2/- each and Twenty five thousand 11% cumulative redeemable preference shares of Rs. 100/- each.
2. Ordinary Resolution, pursuant to Sections 16, 94 and other applicable provisions of the Companies Act, 1956, for corresponding alteration in the Capital Clause no. 5 of
the Memorandum of Association of the Company.
3. Special Resolution, pursuant to Section 31 and other applicable provisions of the Companies Act, 1956, for corresponding alteration in the Clause no. 3 of the Articles of Association of the Company.
4. Special Resolution, pursuant to Section 81 (1A) and other applicable provisions of the Companies Act, 1956, for raising of resources through Issue of Securities for an aggregate amount not exceeding Rs. 1200 crores. |
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