Adarsh Derivatives Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 11, 2008, inter alia, have accorded the following:
1. Increase in Authorised Share Capital & accordingly change in Memorandum of Association & Articles of Association.
2. Resolution under section 81(1) & 81 (1A) of the Companies Act, 1956 regarding consents and permissions to the Board of Directors for issuance, offer and allot Equity Shares / Convertible instruments, whether optionally or otherwise, with or detachable warrants upto and aggregate amount of Rs 85 crores (Rupees eighty five crores), for cash at such premium as may be determined by the Board through public issue and / or rights issue and / or Qualified Institutional Placement or a combination thereof.
3. To approve the change of name of the Company as Vikas Granaries Ltd.
1. Increase in Authorised Share Capital & accordingly change in Memorandum of Association & Articles of Association.
2. Resolution under section 81(1) & 81 (1A) of the Companies Act, 1956 regarding consents and permissions to the Board of Directors for issuance, offer and allot Equity Shares / Convertible instruments, whether optionally or otherwise, with or detachable warrants upto and aggregate amount of Rs 85 crores (Rupees eighty five crores), for cash at such premium as may be determined by the Board through public issue and / or rights issue and / or Qualified Institutional Placement or a combination thereof.
3. To approve the change of name of the Company as Vikas Granaries Ltd.
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