Asian Oilfield Services Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 26, 2007, inter alia, to transact the following business:
1. To increase the Authorised Share Capital of the Company from existing Rs 15,00,00,000 (Rupees Fifteen Crores) divided into 1,50,00,000 (One Crore and Fifty Lacs) Equity Shares of Rs 10/- (Rupees Ten) each to Rs 17,00,00,000 (Rupees Seventeen Crores) divided into 1,70,00,000 (One Crore and Seventy Lacs Only) Equity Shares of Rs 10/- (Rupees Ten) each & consequential amendments in the Memorandum & Articles of Association of the Company.
2. To issue, Offer and allot upto 15,00,000 (Fifteen Lacs Only) Equity Shares and upto 12,00,000 (Twelve Lacs Only) Convertible Warrants (Warrants), to be convertible at the option of Warrant holder in one or more trenches, Within 18 (eighteen) months from its allotment date into 1 fully paid up Equity Share of the Company of face value of Rs 10/- each for cash at an exercise price of Rs 190/- including premium of Rs 180/-) and to issue fresh Equity Shares on the conversion of the warrants, on such further terms and conditions as may be finalized by the Board of Directors to following persons belonging to Non Promoters group:
1. Samara Capital Partners Fund I Ltd
No of Equity Shares : 15,00,000
No of Warrants : 7,50,000
2. Vikram Walia
No of Warrants : 2,00,000
3. Purabi Saikia
No of Warrants : 1,00,000
4. Ashish Nanda
No of Warrants : 1,50,000.
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