Alchemist Realty Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 17, 2008, inter alia, have approved the following:
1. Sub-division of the Equity Shares of the Company into 5 (five) Equity Shares of face value of Rs 2/- (Rupees Two) each in place of existing Equity Share of the face value of Rs 10/- (Rs Ten) each.
2. Pursuant to the provisions of SEBI (DIP) Guidelines for Preferential issues, the issue of 37,05,000 convertible warrants face value of Rs 2/- each to M/s. KDS Corporation Pvt Ltd.
3. Increase in authorized share capital by One Crore of the Company from Rs 15 Crores divided into 7,50,00,000 equity shares of Rs 2/- each to Rs 16 Crores divided into 8,00,00,000 equity shares of Rs 2/- each.
4. Sale or disposal of the properties / assets of the packaging unit pursuant to the Section 293 (1) (a) of the Companies Act 1956.
1. Sub-division of the Equity Shares of the Company into 5 (five) Equity Shares of face value of Rs 2/- (Rupees Two) each in place of existing Equity Share of the face value of Rs 10/- (Rs Ten) each.
2. Pursuant to the provisions of SEBI (DIP) Guidelines for Preferential issues, the issue of 37,05,000 convertible warrants face value of Rs 2/- each to M/s. KDS Corporation Pvt Ltd.
3. Increase in authorized share capital by One Crore of the Company from Rs 15 Crores divided into 7,50,00,000 equity shares of Rs 2/- each to Rs 16 Crores divided into 8,00,00,000 equity shares of Rs 2/- each.
4. Sale or disposal of the properties / assets of the packaging unit pursuant to the Section 293 (1) (a) of the Companies Act 1956.
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