Emkay Share - EGM on Jan 11, 2008

Emkay Share & Stock Brokers Ltd has informed that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 11, 2008, inter alia, to transact the following:

1. To increase in the existing Authorised Share Capital of the Company from Rs 25,00,00,000/- divided into 2,50,00,000 equity shares of Rs 10/- each to Rs 40,00,00,000/- divided into 4,00,00,000 equity shares of Rs 10/- each & consequential amendments in the Memorandum & Articles of Association of the Company.

2. Authority to the Board of Directors of the Company to borrow, from time to time, for the purpose of the Companys business any sum or sums of money, as it may deem fit and proper notwithstanding that the moneys to be borrowed together with the money already borrowed by the Company (apart from temporary loans obtained from the Companys bankers in ordinary course of business) may exceed the aggregate of paid up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount of moneys so borrowed by the Company together with the moneys already borrowed by the Company (apart from temporary loans obtained from the Companys bankers in ordinary course of business) shall not any time exceed the limit of Rs 300,00,00,000 (Rupees Three hundred crores only) outstanding at any time and that for the implementation of this resolution the Board may act through any Director or any other person duly authorized in that behalf, subject to necessary provisions & approvals.