Friday, September 14, 2007

Mercator Lines - Outcome Of Board Meeting

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.

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