Rajasthan Tube Manufacturing Company Ltd has informed that the Board of Directors of the Company at its meeting held on January 16, 2008, has approved the following agenda items for the approval of shareholder:
1. To increase the authorised capital of the Company from 8,00,00,000 (Rupees Eight Crore Only) divided into 80,00,000 (Eighty Lacs) Equity Shares of Rs 10/- (Ten) each to Rs 11,50,00,000 (Rupees Eleven Crore Fifty Lacs Only) divided into 1,15,00,000 (One Crore Fifteen Lacs) Equity Shares of Rs 10/- (Ten) each and to amend the relevant clause of Memorandum & Articles of Association of the Company.
2. Pursuant to the provision of SEBI (DIP) Guidelines for Preferential Issues, to issue and allot, 10,00,000 Equity Shares and 55,00,000 Warrants convertible into equity Shares on Preferential basis to Strategic Investors, Promoters and Directors of the Company and Group Companies.
3. The Extra Ordinary General Meeting of the members of the Company for the approval of items No. 1 & 2 will held on February 23, 2008.
1. To increase the authorised capital of the Company from 8,00,00,000 (Rupees Eight Crore Only) divided into 80,00,000 (Eighty Lacs) Equity Shares of Rs 10/- (Ten) each to Rs 11,50,00,000 (Rupees Eleven Crore Fifty Lacs Only) divided into 1,15,00,000 (One Crore Fifteen Lacs) Equity Shares of Rs 10/- (Ten) each and to amend the relevant clause of Memorandum & Articles of Association of the Company.
2. Pursuant to the provision of SEBI (DIP) Guidelines for Preferential Issues, to issue and allot, 10,00,000 Equity Shares and 55,00,000 Warrants convertible into equity Shares on Preferential basis to Strategic Investors, Promoters and Directors of the Company and Group Companies.
3. The Extra Ordinary General Meeting of the members of the Company for the approval of items No. 1 & 2 will held on February 23, 2008.
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