Saturday, January 5, 2008

Networth Stock - Outcome Of EGM

Networth Stock Broking Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 04, 2008, have approved the following resolutions:

1. Increase in the Authorised share capital of the Company from Rs 12.5 Crores to Rs 17.5 Crores by addition of 50 Lacs Equity shares of Rs 10/- each.

2. Amend the Memorandum and Articles of Association pursuant to increase in Authorised share capital of the Company.

3. Authority to Board to issue and allot 26,35,140 Equity Shares and 11,54,000 Share Warrants to Non Promoter group on preferential basis.

4. Increase the remuneration payable to Mr. Girish Dev.

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