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| Exchange Disseminated Time | Switching Technologies Gunther Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on March 11, 2008, inter alia, to transact the following business:
1. To change the Authorised Share Capital of the Company from Rs 60,000,000/- (Rupees Sixty million Only) divided into 6,000,000 Equity Shares of Rs 10/- each to Rs 60,000,000/- (Rupees Sixty Million only) consisting of Rs 50,000,000/- (Rupees Fifty Million only) divided into 5,000,000/- Equity Shares of Rs 10/- each and Rs 1,000,000 (Rupees One Million only) divided into 100,000 Redeemable Preference Shares of Rs 100/- each & consequential amendments in the Memorandum & Articles of Association of the Company.
2. To offer, issue and allot in one or more tranch(es) 100,000 zero coupon Redeemable Preference Shares of Rs 100 each for cash at par on preferential basis to Gunther America Inc., and that the Board be and is hereby authorised to finalize all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable laws, rules and regulation for the time being in force in that behalf, subject to necessary provisions & approvals. |
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