| Gujarat Raffia Industries Ltd has informed BSE that High Court of Gujarat have approved Company's application for reduction of capital on September 21, 2007 permitting to reduce the paid up capital of the Company from Rs 9,98,95,550/- divided into 99,89,550 equity shares of Rs 10/- each fully paid up to Rs 4,99,47,750/- divided into 99,89,550 equity shares of Rs 5/- each fully paid up. The order issued by the High court of Gujarat were registered with The Registrar of Companies, Gujarat.
Further, now the Company wishes to subdivide its existing 99,89,550 fully paid equity shares of Rs 5/- each, into 49,94,775 fully paid up equity shares of Rs 10/- each, ranking pari passu in all respects with the existing equity share capital of the Company for which approval of members of the Company is required in General Meeting. The General Meeting of the Company is proposed to be conducted on October 15, 2007 for considering subdivision of shares.
Gujarat Raffia Industries Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 15, 2007, have unanimously resolved that existing 99,89,550/- fully paid up equity shares of Rs 5/- each, be subdivided into 49,94,775 fully paid equity shares of Rs 10/- each, ranking pari passu in all respect with the existing equity share capital of the Company.
(As Per BSE Announcement Website Dated on 15/10/2007)
With reference to the earlier announcement regarding Outcome of EGM held on October 15, 2007, Gujarat Raffia Industries Ltd has informed BSE that the resolution accorded in the said EGM should now be read as follows:
"RESOLVED that pursuant to article 3 of the Articles of Association of the Company, each of the existing 99,89,550 (Ninety Nine Lakh Eighty Nine Thousand Five Hundred Fifty) fully paid equity shares of Rs 5/- each, be and are hereby divided into 49,94,775 (Forty Nine Lakh Ninety Four Thousand Seven Hundred Seventy Five) fully paid up equity shares of Rs 10/- each, ranking pari passu in all respects with the existing equity share capital of the Company."
(As per BSE Announcement Website dated on 18/12/2007) |
| Gujarat Raffia Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 15, 2007 for considering the Capital Reduction of the Company and consolidation of Equity Share Capital of the Company.
Further the Company has informed that, The Registrar of Companies, Gujarat have extended the financial year of the Company as ended on March 31, 2007 to September 30, 2007 and Annual General Meeting to March 25, 2008 respectively. |