Thursday, November 6, 2008

Sowbhagya Media - Outcome Of Board Meeting - Nov 06, 2008

Sowbhagya Media Ltd has informed that the Board of Directors of the Company at its meeting held on October 31, 2008, inter alia, has resolved the following business:
1. The board has approved to issue 2,45,000 equity shares of Rs 10/- each at a price of Rs 100/- per share as preferential basis.
2. An Extraordinary General Meeting has been convened for issue of shares in preferential basis on November 25, 2008.
3. Dr. Dasari Narayana Rao a Noted film Director has been appointed as additional director of the Company. Further he was appointed as chairman of the Company.
4. The Board has approved the resignation of Sri. D Surendranath Reddy as Director of the Company.

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