CG Impex Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 29, 2008, inter alia, have accorded the following:
1. Increased the Authorized Share Capital of the Company from Rs 6,00,00,000/- (Rupees Six Crores Only) to Rs 10,00,00,000 (Rupees Ten Crores Only) divided into 1,00,00,000 Equity Shares of Rs 10 each, the additional Shares ranking pari-passu with the existing shares in all respects and consequential amendments in the Memorandum of Association of the Company.
2. Authority to the Board of Directors of the Company for capitalization of such amount of Rs 25570500/- out of free reserves account of the Company as may be considered necessary by the Board for the purpose of issue of fully paid bonus shares of the face value of Rs 10 each, to the holders of the existing equity shares of the Company on such record date as may be fixed by the Board in this regard, in the proportion of 1 new equity share/s for every 2 equity share of Rs 10/- to which the shareholder is entitled, subject to necessary provisions & approvals.
1. Increased the Authorized Share Capital of the Company from Rs 6,00,00,000/- (Rupees Six Crores Only) to Rs 10,00,00,000 (Rupees Ten Crores Only) divided into 1,00,00,000 Equity Shares of Rs 10 each, the additional Shares ranking pari-passu with the existing shares in all respects and consequential amendments in the Memorandum of Association of the Company.
2. Authority to the Board of Directors of the Company for capitalization of such amount of Rs 25570500/- out of free reserves account of the Company as may be considered necessary by the Board for the purpose of issue of fully paid bonus shares of the face value of Rs 10 each, to the holders of the existing equity shares of the Company on such record date as may be fixed by the Board in this regard, in the proportion of 1 new equity share/s for every 2 equity share of Rs 10/- to which the shareholder is entitled, subject to necessary provisions & approvals.
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