Aqua Logistics Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June, 28 2010, inter alia, has considered and approved the following, subject to Shareholder's approval and other regulatory approvals, if any:
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Increasing Authorised Share Capital of the Company to Rs. 30 Crores from the present Authorised Share Capital of Rs. 25 Crores and also to make necessary amendments in Memorandum of Association and Articles of Association of the Company.
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Sub-division of Equity Share of the face value of Rs. 10/- each into 10 Equity Shares of the face value of Re. 1/- each.
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Raising of additional funds by way of issue of ADR / GDR / QIP / FCCB or through any other mode of securities to the extent of USD 70 million (US Dollars Seventy million only) or its equivalent sum in Indian Rupees, in one or more tranches.
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To seek approval of shareholders for the above purpose in the forthcoming Annual General Meeting.