Thursday, February 21, 2008

Jyoti Structures - Outcome Of EGM

Jyoti Structures Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 20, 2008, inter alia, have decided :

1. To withdraw / not approved the for Special Resolutions pertaining to :

(a) Issue of 76,05,000 Equity Shares to Foreign Investors.

(b) Issue of FCCBs for a value upto USD 25 million (equivalent to approx Indian Rs 98.50 crores); and

(c) Issue of 42,00,000 Convertible Warrants to Promoters & others.

2. To approve the appointment, including remuneration, of

(a) Mr. Prakash Thakur, as a Wholetime Director; and

(b) Mr. Santosh Nayak, as a Whole-time Director.

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