Kisan Mouldings Ltd has informed that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on January 08, 2008, inter alia, have unanimously passed the following resolutions:
1. Increase in Authorised Share Capital from Rs 10,00,00,000/- (Rupees Ten Crores) to Rs 15,00,00,000/- (Rupees Fifteen Crores) divided into 1,50,00,000 (One Crore and Fifty Lacs) Equity Shares of Rs 10/- each by creation of an additional 50,00,000 (Fifty Lacs) Equity Shares of Rs 10/- each and Alteration of Memorandum of Association of the Company consequent upon the increase in the Authorised Share Capital.
2. Alteration of the Articles of Association consequent upon increase in the Authorised Share Capital.
3. Consent to the Board of Directors to offer, issue and allot 40,00,000 Optionally Fully Convertible Warrants (OFCWs) (Warrants), each Warrant convertible at the sole option of the holder thereof, anytime but before expiry of 18 months from the date of allotment thereof, into 1 fully paid up equity share of the Company of face value of Rs 10/- at an exercise price (including premium) of Rs 40.50 per warrant on Preferential Allotment basis to certain persons / entities including the promoters of the Company, whether such allottees are shareholders of the Company or not.
1. Increase in Authorised Share Capital from Rs 10,00,00,000/- (Rupees Ten Crores) to Rs 15,00,00,000/- (Rupees Fifteen Crores) divided into 1,50,00,000 (One Crore and Fifty Lacs) Equity Shares of Rs 10/- each by creation of an additional 50,00,000 (Fifty Lacs) Equity Shares of Rs 10/- each and Alteration of Memorandum of Association of the Company consequent upon the increase in the Authorised Share Capital.
2. Alteration of the Articles of Association consequent upon increase in the Authorised Share Capital.
3. Consent to the Board of Directors to offer, issue and allot 40,00,000 Optionally Fully Convertible Warrants (OFCWs) (Warrants), each Warrant convertible at the sole option of the holder thereof, anytime but before expiry of 18 months from the date of allotment thereof, into 1 fully paid up equity share of the Company of face value of Rs 10/- at an exercise price (including premium) of Rs 40.50 per warrant on Preferential Allotment basis to certain persons / entities including the promoters of the Company, whether such allottees are shareholders of the Company or not.
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