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| Exchange Disseminated Time | Pankaj Piyush Trade & Investment Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on August 13, 2012, inter alia, to transact the following business:
1. To alter in the Articles of Association of the Company.
2. To increased Authorised Share Capital from Rs. 2,50,00,000 (Rupees two crore fifty lac only) to Rs. 21,00,00,000 (Rupees twenty one crores only) by way of creation of 1,85,00,000 (one crore eighty five lac) Equity Shares of Rs. 10 each aggregating Rs. 18,50,00,000 (Rupees eighteen crore fifty lac only) & consequential amendment in the Memorandum & Articles of Association of the Company.
3. Pursuant to the provisions of Article 5A of the Articles of Association of the Company and upon the recommendation of the Board of Directors made at their meeting held on July 18, 2012 (hereinafter referred to as "the Board" which term shall be deemed to include any Committee of the Board of Directors formed for the time being to exercise the powers conferred on the Board of Directors in this behalf) and pursuant to the applicable provisions of the Companies Act, 1956, and in accordance with the Securities & Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 ("the Regulations") and subject to such necessary approvals, permissions and sanctions, as may be required and subject to such terms and conditions as may be specified while according such approvals, a sum of Rs. 18,00,00,000/- (Rupees Eighteen Crores only) out of the sum standing to the credit of Securities Premium Account, forming part of Reserves & Surplus of the Company, be and is hereby capitalized and utilized for allotment of 45 (forty five) Bonus equity share of Rs. 10/- (Rupees Ten) each credited as fully paid up for every 1 (one) existing fully paid equity share of Rs. 10/- (Rupees Ten) each held by the members, aggregating to 1,80,00,000 (one crore eighty lacs) equity shares of Rs. 10/- each, and accordingly the Board, be and is hereby authorized to appropriate the said sum for distribution to and amongst the members of the Company whose names appear in the Register of Members or as the beneficial owner(s) of the equity shares of the Company, in the records of the Depositories, at the close of business on such date (hereinafter referred to as "the Record Date") to be hereafter fixed by the Board. (For more details kindly refer Corporate Announcements on www.bseindia.com). |
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