Thursday, January 31, 2008

Bhagyanagar India - Outcome Of EGM

Bhagyanagar India Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 31, 2008, inter alia, have accorded the following:

1. For the issue of Equity Share warrants on preferential basis to M/s. Consolidated Securities Ltd, M/s. C S K Realtors Ltd, M/s. Trimurthi Drugs & Pharmaceuticals Ltd and Mr. Sunil D Parakh not exceeding Rs 55,00,000 warrants of a face value of Rs 2/- each at a price of Rs 90/- per warrant, each warrant convertible into one equity share of the Company at the option of Warrant holder for cash.

2. To enhance the salary of Shri. Manish Surana, Management Executive of the Company.

No comments: