Bhuwalka Steel Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 18, 2008, has considered preferential issue of warrants as per SEBI guidelines for the purpose of raising funds for normal capital expenditure, augmenting the working capital resources, general corporate purposes and to meet the requirements of future growth.
Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 12, 2008, inter alia, to offer, issue and allot up to 28,00,000 (Twenty Eight Lac) Warrants with an option to subscribe / exchange those warrants into 28,00,000 (Twenty Eight Lac) equity shares of Rs 10/- each of the Company, by way of preferential allotment to the investors mentioned herein below (who are not the members of the Company) up to the numbers mentioned against their names and on such terms and conditions as the Board may deem appropriate in its absolute discretion:
1. Genial Finance & Investment Pvt Ltd 10,00,000 nos
2. Purlieu Investment And Finance Pvt Ltd 10,00,000 nos
3. Multiplus Holding Ltd 270000 nos
4. Krishna J Sheth 265000 nos
5. Falguni C Lotia 265000 nos.
Extra Ordinary General Meeting (EGM) of the members of the Company will be held on February 12, 2008, inter alia, to offer, issue and allot up to 28,00,000 (Twenty Eight Lac) Warrants with an option to subscribe / exchange those warrants into 28,00,000 (Twenty Eight Lac) equity shares of Rs 10/- each of the Company, by way of preferential allotment to the investors mentioned herein below (who are not the members of the Company) up to the numbers mentioned against their names and on such terms and conditions as the Board may deem appropriate in its absolute discretion:
1. Genial Finance & Investment Pvt Ltd 10,00,000 nos
2. Purlieu Investment And Finance Pvt Ltd 10,00,000 nos
3. Multiplus Holding Ltd 270000 nos
4. Krishna J Sheth 265000 nos
5. Falguni C Lotia 265000 nos.
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