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| Exchange Disseminated Time | Refex Refrigerants Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 13, 2007, inter alia, has resolved the following:
1. Convening of EGM of the Company on January 09, 2008 (earlier scheduled on December 10, 2007, and subsequently rescheduled) to seek members approval for the following.
(i). Preferential allotment of 2,75,000 Equity Shares of the Company to a particular group of investors at a price of Rs 200 per Equity Share (including a premium of Rs 190 per share) within the frame work of SEBI (DIP) Guidelines, 2000 as amended from time to time.
(ii). Seeking members approval for issue of Foreign Currency Convertible Bonds for an aggregate value not exceeding Rs 200 crores subject to all statutory and regulatory approvals as may be required.
(iii). Increase in borrowing powers of the Company from the present limit of Rs 100 crores to Rs 500 crores.
2. The Board has also inducted the following persons as Additional Directors of the Company.
Mr. Jagdish Jain - Promoter Non Independent Director
Dr. R Kondammal - Independent Director
Ms. Abhinandana Papisetty - Independent Director |
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