T Spiritual World Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 14, 2008, inter alia, have accorded to the following:
1. Increased the Authorised Share Capital of the Company from Rs 23,01,00,000 (Twenty Three Crores and One Lacs) divided into 2,30,10,000 (Two Crores Thirty Lacs and Ten Thousand) equity shares of Rs 10/- each to Rs 265,00,00,000 (Two Hundred Sixty Five Crores) divided into 26,50,00,000 (Twenty Six Crores and Fifty Lacs) equity shares of Rs 10/- each by creation of further 24,19,90,000 equity shares of Rs 10/- each with the power to the Board to decide on the extent of variation in such rights and to classify and re-classify from time to time such shares into any class of shares and consequential amendment in the Clause V of the Memorandum and Articles of Association of the Company.
2. Authority to the Board to create, offer, issue and allot in one or more Tranch (es), in course of International / Domestic offerings any securities including Equity Shares / Preference Shares / Convertible Debentures / Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) / External Commercial Borrowing (ECB), Foreign Currency Convertible Bonds (FCCB), convertible into equity shares, preference shares whether Cumulative / Redeemable / Convertible at the option of the Company and / or the option of the holders of the security and / or securities linked to equity shares / preference shares
1. Increased the Authorised Share Capital of the Company from Rs 23,01,00,000 (Twenty Three Crores and One Lacs) divided into 2,30,10,000 (Two Crores Thirty Lacs and Ten Thousand) equity shares of Rs 10/- each to Rs 265,00,00,000 (Two Hundred Sixty Five Crores) divided into 26,50,00,000 (Twenty Six Crores and Fifty Lacs) equity shares of Rs 10/- each by creation of further 24,19,90,000 equity shares of Rs 10/- each with the power to the Board to decide on the extent of variation in such rights and to classify and re-classify from time to time such shares into any class of shares and consequential amendment in the Clause V of the Memorandum and Articles of Association of the Company.
2. Authority to the Board to create, offer, issue and allot in one or more Tranch (es), in course of International / Domestic offerings any securities including Equity Shares / Preference Shares / Convertible Debentures / Global Depositary Receipts (GDRs) and / or American Depositary Receipts (ADRs) / External Commercial Borrowing (ECB), Foreign Currency Convertible Bonds (FCCB), convertible into equity shares, preference shares whether Cumulative / Redeemable / Convertible at the option of the Company and / or the option of the holders of the security and / or securities linked to equity shares / preference shares
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