Ushdev International Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 25, 2008, received numerous requests from minority stakeholders to revise the pricing and / or ratio for the proposed rights issue. Conceding to the request, the Chairman of the meeting sought the members approval for empowering the Board of Directors to revisit the said issues and proceed further on completing the Rights offering. It was unanimously approved by the members in the Extraordinary General Meeting and based on this the Company will convene its meeting of directors.
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