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| Exchange Disseminated Time | Kaushalya Infrastructure Development Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 31, 2011, inter alia have considered & approved the following business:-
1. To increase the authorised share capital of the Company from Rs. 25 Crores to Rs. 35 Crores divided into 35,000,000 Equity 5hares of Rs. 10/- each.
2. To issue 1,50,25,000 Convertible Warrants of Rs. 10/- each at a price of Rs. 11/- each (including a premium of Re. 1/- per share) to promoters and non-promoters. |
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