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| Exchange Disseminated Time 24/08/2016 16:56:28 | ISL Consulting Ltd has informed BSE that the Board of Directors of the Company had proposed in their meeting held on August 12, 2016 to increase authorized share capital of the Company and make preferential issue of Equity Shares. Mr. Hitesh C. Kothari, Managing Director of the Company was authorized to consider the proposal and look into pros and cons of the same.
After necessary deliberation and research it was found out that the proposal cannot be taken forward for the time being. Hence, due to circumstances beyond the control of the Company, it has been decided to drop the proposed increase in authorized share capital and the preferential issue of equity shares as of now. Thus, the same shall not be taken up at the ensuing Annual General Meeting of the Company. |
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