Mercator Lines Ltd has informed that the Board of Directors of the Company at its meeting held on September 13, 2007, inter alia, has approved the following:
1. Issue of up to 2,85,00,000 warrants carrying entitlement / option to apply for equal number of equity shares on preferential basis to Mrs. Archana H Mittal, Promoter of the Company; in accordance with SEBI Guidelines for preferential issue.
2. Convening of Extra-Ordinary General Meeting of the Members of the Company on October 11, 2007, to seek approval of the members for the above matter.
Friday, September 14, 2007
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