Gulshan Chemfill Ltd has informed that the Board of Directors of the Company at its meeting held on March 03, 2008, inter alia, to consider and approve allotment of 85,00,000 convertible warrants and 25,00,000 equity shares on preferential basis to the persons other than promoters.The FIIs on Monday stood as net buyer in equity.
However, as the Proposed Allotees have not been able to deposit the requisite application amount the Board decided to cancel the proposed allotment.
Further, The Board considered and approved the following:
1. Appointment of Mr. Rajendra Aggarwal as Additional Director.
2. To call a Extra Ordinary General Meeting of the Company on April 11, 2008 to incorporate new objects in the object clause of the Memorandum of Association of the Company.
However, as the Proposed Allotees have not been able to deposit the requisite application amount the Board decided to cancel the proposed allotment.
Further, The Board considered and approved the following:
1. Appointment of Mr. Rajendra Aggarwal as Additional Director.
2. To call a Extra Ordinary General Meeting of the Company on April 11, 2008 to incorporate new objects in the object clause of the Memorandum of Association of the Company.
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