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| Exchange Disseminated Time | SEL Manufacturing Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 27, 2012, inter-alia, subject to the approval of the members and other necessary regulatory approvals, has approved the following:
1. Increasing the Authorised Share Capital of the Company to Rs. 600.00 Crores from the present Authorised Share Capital of Rs. 400.00 Crores and also to make necessary amendments in the Memorandum of Association of the Company in this regard.
2. Pursuant to the provisions of SEBI (ICDR) Regulations 2009 for Preferential Issues, to issue upto 7.50 Crore warrants convertible into equivalent number of equity shares, on preferential basis to the Promoters of the Company.
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