|Alcobex Metals Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on May 30, 2008, inter alia, to transact the following :
1. To re-classify 3,00,00,000 un-issued Redeemable Preference Shares of Rs 10/- (Rupees Ten only) each in the Authorised Capital into 3,00,00,000 Equity shares of Rs 10/- each and consequential amendments in the Memorandum of Association of the Company by substituting in place of the existing clause 48 (V), the following, subject to necessary provisions and approvals :
"The Authorised Share Capital of the Company is Rs 45,00,00,000/- (Rupees Forty Five Crores only) divided into 300,00,000 (Three Crores) Redeemable preference shares of Rs 10 each and 1,50,00,000 (one crore fifty lacs) Equity Shares of Rs 10/- (Rupees Ten only) each with the rights, privileges and conditions attaching thereto as are provided by the Articles of Association of the Company for the time being, with power to increase or reduce the capital of the Company and to divide the shares in the Capital for the time being into several classes and to attach thereto respectively such preferential, deferred, qualified or special rights, privileges or conditions as may be determined by or in accordance with the Articles of Association of the Company and to vary, modify or abrogate any such rights, privileges or conditions In such manner as may for the time being be provided in the Articles of Association of the Company.
2. To alter the Articles of Association of the Company by substituting in place of the existing Article 5(a), the following :
"The Authorised Capital of the Company is defined in Clause 48(V) of the Memorandum of Association including amendments thereto, if any."
Alcobex Metals Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company proposed to be held on May 30, 2008, to consider the conversion of unissued Preference shares into Equity shares, stands cancelled.
(As per BSE Announcement Website dated on 14/05/2008)