Amtek Auto Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on December 31, 2007, inter alia, have accorded the following:
1. Pursuant to the provisions of Section 81(1A) and all other applicable provisions, if any of the Companies Act, 1956 including any statutory modification(s) or re-enactment thereof for the time being in force and in accordance with the relevant provisions of the Memorandum and Articles of Association of the Company, the rules / regulations / guidelines, if any, prescribed by the Securities and Exchange Board of India and /or any other regulatory authority, the listing agreement entered into by the Company with the Stock Exchanges where the equity shares of the Company are listed and subject to the approval(s), consents), permissions) and / or sanction(s), if any, of appropriate authorities, institutions or bodies, as may be required, and subject to such conditions as may be prescribed by any of them while granting any such approval(s), consents(s), permission(s), and / or sanction(s), upto 70,00,000 Equity Shares of Rs 2/- per share at a premium of Rs 458/- aggregating to Rs 322 crores be issued to the promoter group of the company by way of preferential issue, subject to necessary provisions & approvals.
1. Pursuant to the provisions of Section 81(1A) and all other applicable provisions, if any of the Companies Act, 1956 including any statutory modification(s) or re-enactment thereof for the time being in force and in accordance with the relevant provisions of the Memorandum and Articles of Association of the Company, the rules / regulations / guidelines, if any, prescribed by the Securities and Exchange Board of India and /or any other regulatory authority, the listing agreement entered into by the Company with the Stock Exchanges where the equity shares of the Company are listed and subject to the approval(s), consents), permissions) and / or sanction(s), if any, of appropriate authorities, institutions or bodies, as may be required, and subject to such conditions as may be prescribed by any of them while granting any such approval(s), consents(s), permission(s), and / or sanction(s), upto 70,00,000 Equity Shares of Rs 2/- per share at a premium of Rs 458/- aggregating to Rs 322 crores be issued to the promoter group of the company by way of preferential issue, subject to necessary provisions & approvals.
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