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| Exchange Disseminated Time | LGB Forge Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on October 29, 2011, at 3.30 PM at Ardra Convention Centre, Kaanchan, 9 North Huzur Road, Coimbatore - 641018
1. To increase the authorised share capital of the Company from Rs. 12,00,00,000/- (Rupees Twelve Crores Only) divided into 12,00,00,000 (Twelve Crores Only) Equity Shares of Rs. 1/- (Rupee One Only) each to Rs. 20,00,00,000/- (Rupees Twenty Crores Only) divided into 17,00,00,000 (Seventeen Crores Only) Equity Shares of Rs. 1/- (Rupees One Only) each and 3,00,000 (Three Lakhs Only) redeemable preference shares of Rs. 100/- (Rupees Hundred Only) each & consequential amendments in the Memorandum & Articles of Association of the Company.
2. To create, issue and allot 5,00,00,517 number of equity shares of the Company of the face value of Rs. 1/- each at a price of Rs. 3/- per equity share (i.e. including premium of Rs. 2/- per equity share) in ratio of 1 (One) equity share for every 2 (Two) equity shares of Rs. 1/- each (i.e. 1:2) aggregating to Rs. 15,00,01,551/- (Rupees Fifteen Crores One Thousand Five Hundred and Fifty One Only) held by the shareholders of the Company, whose names appear on the Register of Members of the Company as on Record Date as may be determined by the Board in consultation with the stock exchanges, subject to such other terms and conditions as may be stipulated under any guidelines issued by any authorities, and such issue and allotment be made at such time (s), in such tranches and in any manner as the Board may in its absolute discretion, think fit, in consultations with lead manager and / or advisors, if any, appointed for the said purpose and otherwise on such terms and conditions as may be decided and deemed appropriate by the Board and / or committee with the authority to retain oversubscription of the issue amount up to such percentage as may be permitted by the securities and Exchange Board of India, Stock Exchange or any other appropriate authority, subject to necessary provisions & approvals. |
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