Rajoo Engineers Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 04, 2008, inter alia, have accorded the following:
1. Authority to the Board to create, offer, issue and allot from time to time in one or more trenches up to 4,19,000 warrants on preferential basis to the promoters and / or promoter group and other individual investors entitling the holder of each warrant from time to time to apply for and obtain allotment of one equity share of the face value of Rs 10/- each against such Warrant (Warrants), in one or more trenches, in such manner for cash consideration at a price of Rs 90/- each (i.e. at a premium of Rs 80/- per share) by way of preferential allotment as determined by the Board in accordance with the SEBI (DIP) Guidelines or other provisions of law as may be prevailing at the time, subject to necessary provisions & approvals.
2. Authority to the Board to increase the Authorised Share Capital of the Company from Rs 3,50,00,000/- divided into 35,00,000 Equity Shares of Rs 10/- each to Rs 10,00,00,000/- divided into 1,00,00,000 Equity Shares of Rs 10/- each by increase of 65,00,000 Equity Shares of Rs 10/- each and consequential amendments in the Memorandum & Articles of Association of the Company.
1. Authority to the Board to create, offer, issue and allot from time to time in one or more trenches up to 4,19,000 warrants on preferential basis to the promoters and / or promoter group and other individual investors entitling the holder of each warrant from time to time to apply for and obtain allotment of one equity share of the face value of Rs 10/- each against such Warrant (Warrants), in one or more trenches, in such manner for cash consideration at a price of Rs 90/- each (i.e. at a premium of Rs 80/- per share) by way of preferential allotment as determined by the Board in accordance with the SEBI (DIP) Guidelines or other provisions of law as may be prevailing at the time, subject to necessary provisions & approvals.
2. Authority to the Board to increase the Authorised Share Capital of the Company from Rs 3,50,00,000/- divided into 35,00,000 Equity Shares of Rs 10/- each to Rs 10,00,00,000/- divided into 1,00,00,000 Equity Shares of Rs 10/- each by increase of 65,00,000 Equity Shares of Rs 10/- each and consequential amendments in the Memorandum & Articles of Association of the Company.
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