Advik Laboratories Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 15, 2008, inter alia, have unanimously passed the following resolutions:
1. To allot 23,48,277 warrants, entitling the warrant holders from time to time to apply for equity shares of the Company in one or more tranches, to promoter / promoter group whether or not they are member of the Company, on preferential placement basis.
2. To increase authorised share capital of the Company from Rs 11,00,00,000/- (Rupees Eleven Crore only) to Rs 12,00,00,000/- (Rupees Twelve Crores only) divided into 1,20,00,000 (One Crore and Twenty Lakh) equity shares of Rs 10/- (Rupees Ten) each.
1. To allot 23,48,277 warrants, entitling the warrant holders from time to time to apply for equity shares of the Company in one or more tranches, to promoter / promoter group whether or not they are member of the Company, on preferential placement basis.
2. To increase authorised share capital of the Company from Rs 11,00,00,000/- (Rupees Eleven Crore only) to Rs 12,00,00,000/- (Rupees Twelve Crores only) divided into 1,20,00,000 (One Crore and Twenty Lakh) equity shares of Rs 10/- (Rupees Ten) each.
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