Scana Color India Ltd has informed that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 05, 2008, have approved the following resolutions:
1. Increase in Authorised share capital of the Company from Rs 3.5 crores to Rs 33.25 crores.
2. Change in name of the Company from Scana Color (India) Ltd to Karma Ispat Ltd.
3. To diversify into the business of Steel, Chemicals, Computer spare parts and hardware business and for Alteration of the Main objects of the Company to include the above businesses. (Passed through Postal Ballot)
4. Raising of capital upto Rs 45 crores for its expansion plans, for making strategic acquisitions, and other corporate activities including the working capital for the proposed acquisitions through preferential issue of 3,00,00,000 warrants convertible into equity shares at a price of Rs 15/- per share.
1. Increase in Authorised share capital of the Company from Rs 3.5 crores to Rs 33.25 crores.
2. Change in name of the Company from Scana Color (India) Ltd to Karma Ispat Ltd.
3. To diversify into the business of Steel, Chemicals, Computer spare parts and hardware business and for Alteration of the Main objects of the Company to include the above businesses. (Passed through Postal Ballot)
4. Raising of capital upto Rs 45 crores for its expansion plans, for making strategic acquisitions, and other corporate activities including the working capital for the proposed acquisitions through preferential issue of 3,00,00,000 warrants convertible into equity shares at a price of Rs 15/- per share.
No comments:
Post a Comment