Cat Technologies Ltd has informed that the Board of Directors of the Company at its meeting held on December 24, 2007, inter alia, has taken the following decision:
1. Approved issue of 40 Lakhs warrants to promoters and persons acting in concert on preferential allotment basis.
2. Approved increase in Authorised Capital of the Company from Rs 36 Crores to Rs 120 Crores.
3. Approved further raising of funds by way of another GDR to the tune USD 20 million.
4. Called for Extra-Ordinary General Meeting of the members on January 28, 2008 to seek approval members for above matters.
5. Co-opted Mr. Sriram Vinod Kumar, Mr. Syed Mohiuddin Ahmed and Mr. Deepak Singh as Additional Director on the Board of the Company and reconstituted Board committees of the Company.
6. Accepted resignation of Mrs. Namratha Muralidhar and Mr. Ashok Kulkarni from the Directorship of the Company.
1. Approved issue of 40 Lakhs warrants to promoters and persons acting in concert on preferential allotment basis.
2. Approved increase in Authorised Capital of the Company from Rs 36 Crores to Rs 120 Crores.
3. Approved further raising of funds by way of another GDR to the tune USD 20 million.
4. Called for Extra-Ordinary General Meeting of the members on January 28, 2008 to seek approval members for above matters.
5. Co-opted Mr. Sriram Vinod Kumar, Mr. Syed Mohiuddin Ahmed and Mr. Deepak Singh as Additional Director on the Board of the Company and reconstituted Board committees of the Company.
6. Accepted resignation of Mrs. Namratha Muralidhar and Mr. Ashok Kulkarni from the Directorship of the Company.
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