| Announcement: | IOL Netcom Ltd has informed BSE that the members at the Annual General Meeting (AGM) of the Company held on October 30, 2009, inter alia, have approved the following:
1. Balance Sheet and Profit Loss Accounts for the year ended March 31, 2009.
2. Appointment of Shri. P. L. Chaturvedi as a Director of the Company.
3. Appointment of Harbhakti & Co., Chartered Accountants as a Statutory Auditor of the Company.
4. Appointment of Shri. A. S. Oberai as a Managing Director of the Company.
5. To issue and allot 40,00,000 Equity Shares to Sanjeevani Herbals Pvt. Ltd.
6. To issue and allot 92,50,000 Equity Shares Warrants to following Companies:
- Navdeep Aliminium Pvt. Ltd. - 11,00,000 Equity Share Warrant
- Sumadhav Steel (India) Pvt. Ltd. - 10,00,000 Equity Share Warrant
- Ghantankaran Trading Pvt. Ltd. - 12,00,000 Equity Share Warrant
- Shree Samarth Engineering & Electronics - 8,00,000 Equity Share Warrant Pvt. Ltd.
- Om Music Pvt. Ltd. - 9,00,000 Equity Share Warrant
- Primesec Investments Ltd. - 15,00,000 Equity Share Warrant. |
