Victory Projects Ltd has informed that the Board of Directors of the Company at its meeting held on July 21, 2008, inter alia, has
1. Reviewed the cancellation of allotments which were supposed to have occurred on July 07, 2008.
2. The board took on record that the allotment of Share warrants slated for July 07, 2008 had to be abandoned due to technical issues.
3. The Board of Directors of the Company has decided that an identical number namely
60,00,000 equity share warrants convertible into equity shares on preferential basis be issued in accordance with SEBI-DIP Guidelines 2000 to the promoters and other selected independent subscribers.
4. The Board of Directors has decided to convene an Extra Ordinary General Meeting of the shareholders of the Company to be held on August 21, 2008 for obtaining the approval for the issue of the 60,00,000 equity share warrants convertible into equity shares on preferential basis to the investors at a price to be determined in accordance with SEBIs Guidelines on Preferential Issues, subject to necessary approvals.
1. Reviewed the cancellation of allotments which were supposed to have occurred on July 07, 2008.
2. The board took on record that the allotment of Share warrants slated for July 07, 2008 had to be abandoned due to technical issues.
3. The Board of Directors of the Company has decided that an identical number namely
60,00,000 equity share warrants convertible into equity shares on preferential basis be issued in accordance with SEBI-DIP Guidelines 2000 to the promoters and other selected independent subscribers.
4. The Board of Directors has decided to convene an Extra Ordinary General Meeting of the shareholders of the Company to be held on August 21, 2008 for obtaining the approval for the issue of the 60,00,000 equity share warrants convertible into equity shares on preferential basis to the investors at a price to be determined in accordance with SEBIs Guidelines on Preferential Issues, subject to necessary approvals.
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