| Prag Bosimi Synthetics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 22, 2011, has approved the following :
1. Subject to the approval of the Shareholders of the Company, issue of 57,52,175, 8% Optionally Cumulative Convertible Debentures (OCCD) of Rs. 100/- each (amounting to Rs. 57,52,17,500/-) to Financial Institutions, Banks and Insurance Companies in terms of Corporate Debt Restructuring (CDR) Scheme and reclassification of unissued unclassified shares.
2. Convening of Extra Ordinary General Meeting (EGM) of the Shareholders of the Company on March 21, 2011 to get their approval on the above issues. The draft Notice of EGM was approved by the Board.
Prag Bosimi Synthetics Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on March 21, 2011, inter alia, have approved the following:
1. Issuance of 57,52,175, 8% Optionally Cumulative Convertible Debentures (OCCD) of Rs. 100/- each (amounting to Rs. 57,52,17,500/-) to Financial Institutions, Banks and Insurance Companies in terms of Corpo are Debt Restructuring (CDR) Scheme.
2. Re-classification of Authorised Share Capital and Amendment to the Memorandum of Association.
3. Reclassification of Authorised Share Capital and Amendment to the Articles of Association.
(As Per BSE Announcement Dated on 21.03.2011) |
| Board has approved the followings:
1. Subject to the approval of the Shareholders of the Company, issue of 5752190, 8% Optionally Cumulative Convertible Debentures (OCCD) of Rs. 100/- each to Financial Institutions and Bankers in terms of Corporate Debt Restructuring (CDR) Scheme.
2. Convening of Extra Ordinary General Meeting (EGM) of the Shareholders of the Company on February 21, 2011, to get their approval on the above issue. The draft Notice of EGM was approved by the Board.
With reference to earlier announcement dated January 25, 2011 about holding of EXTRAORDINARY GENERAL MEETING (EGM) on February 21, 2011, Prag Bosimi Synthetics Ltd has now informed BSE that due to unavoidable circumstances the said meeting stands Postponed. The Board has not yet decided the new date.
(As Per BSE Announcement Dated on 09.02.2011) |