Sanra Software Ltd has informed that the shareholders at the Extra-Ordinary General Meeting (EGM) of the Company held on January 02, 2007, inter alia, have discussed and approved the following:
1. Increase of Authorised Capital of the Company from Rs 10,50,00,000/- divided into 1,05,00,000/- Equity Shares of face value of Re 10/- each to Rs 75 Crores divided into 7,50,00,000 equity shares of Rs 10/-.
2. Issue of GDR / ADR / FCCB and other instruments not exceeding US $27.5 Million subject to approval of other authorities; and
3. Raising of funds through Rights issue / Public Issue / Preferential Issue to accelerate the synergies of existing business as well as new area of business (including acquiring Companies or business with good potential) for an amount not exceeding Rs 30 Crores subject to approval of other authorities.
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