IOL Chemicals - EGM On Jun 16, 2007

IOL Chemicals & Pharmaceuticals Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 16, 2007, inter alia, to issue, offer and allot upto 15,00,000 equity shares at the rate of Rs 42 per share (face value of Rs 10 and premium of Rs 32 per share) to the promoter and other promoters group entities as defined under the SEBI guidelines and upto 11,00,000 equity shares at the rate of Rs 42 per share (face value of Rs 10 and premium of Rs 32 per share) to Chamunda Traders Pvt Ltd, a non-promoter entity on the preferential basis in accordance with the applicable law, subject to necessary provisions & approvals.