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| Exchange Disseminated Time | Sri Adhikari Brothers Television Network Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 09, 2012, inter alia, have considered the following matters:
1. Issued and allotted 2,66,500 equity shares of Rs. 10/- each on exercise of Options allotted under SABNL ESOP Scheme 2009-10. As a result, the paid up share capital of the Company has increased from Rs. 246,630,000/- to Rs. 249,295,000/- divided into 24,929,500 equity shares of Rs.10/- each.
2. Approved the increase in Authorized Share Capital of the Company from Rs. 35,00,00,000/- to Rs. 40,00,00,000/- divided into 4,00,00,000 equity shares of Rs. 10/- each and consequent amending fee Memorandum of Association of the Company, subject to the approval of shareholders.
3. Decided to obtain the approval of shareholders for the aforementioned business by way of postal ballot pursuant the provisions of Section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2011 and appointed Mr. Monish L. Ghia, Practicing Company Secretary, Mumbai as the Scrutinizer for conducting the postal ballot process. |
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