Victoria Enterprises Ltd has informed that the Board of Directors of the Company at its meeting held on January 23, 2008, inter alia, has decided the following:
1. Issue of 1,00,000 (One Lakh Only) 5% Optionally Convertible Preference Shares (OCPS) of Rs 1000/- each on preferential basis to following allottees in compliance with Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines 2000 and Companies Act 1956.
(i) Lavender Venture Pvt Ltd: 70,000 Number of OCPS
(ii) Aster Venture Pvt Ltd: 30,000 Number of OCPS
2. Increase in Authorised Capital from Rs 5 Crores to Rs 15 Crores, by creation of1,00,000 Preference Shares of Rs 1000/- each amounting to Rs 10 Crores.
3. Alteration of Clause V (Capital Clause) of the Memorandum of Association of the Company.
4. Alteration of Article 5 and Article 10 of the Articles of Association of the Company.
5. Approved draft notice of Extra Ordinary General Meeting to be held on February 20, 2008.
1. Issue of 1,00,000 (One Lakh Only) 5% Optionally Convertible Preference Shares (OCPS) of Rs 1000/- each on preferential basis to following allottees in compliance with Chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines 2000 and Companies Act 1956.
(i) Lavender Venture Pvt Ltd: 70,000 Number of OCPS
(ii) Aster Venture Pvt Ltd: 30,000 Number of OCPS
2. Increase in Authorised Capital from Rs 5 Crores to Rs 15 Crores, by creation of1,00,000 Preference Shares of Rs 1000/- each amounting to Rs 10 Crores.
3. Alteration of Clause V (Capital Clause) of the Memorandum of Association of the Company.
4. Alteration of Article 5 and Article 10 of the Articles of Association of the Company.
5. Approved draft notice of Extra Ordinary General Meeting to be held on February 20, 2008.
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