Golkunda Diamonds & Jewellery Ltd has informed that the Board of Directors of the Company at its meeting held on November 10, 2008, has resolved the following:
1. Increase in the Authorised Capital of the Company from Rs 5 Crores to Rs 7 crores and the consequential amendments in the Memorandum and Articles of Association of the Company, subject to approval of Members.
2. Issue of 28,00,000 equity shares of the Company on preferential basis, to M/s. Neverloose Properties & Investment Pvt. Ltd, a Company belonging to the promoters group at such price not being less than the price determined in accordance with the SEBI guidelines in this behalf, subject to the approval of members.
3. Convene an Extraordinary General Meeting of the shareholders of the Company on December 10th 2008 for considering the above.
4. Approved the draft Notice of EGM.
1. Increase in the Authorised Capital of the Company from Rs 5 Crores to Rs 7 crores and the consequential amendments in the Memorandum and Articles of Association of the Company, subject to approval of Members.
2. Issue of 28,00,000 equity shares of the Company on preferential basis, to M/s. Neverloose Properties & Investment Pvt. Ltd, a Company belonging to the promoters group at such price not being less than the price determined in accordance with the SEBI guidelines in this behalf, subject to the approval of members.
3. Convene an Extraordinary General Meeting of the shareholders of the Company on December 10th 2008 for considering the above.
4. Approved the draft Notice of EGM.
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