The board of RFL International in its meeting on 07 July 2011 has approved the allotment of 70 lakh equity shares to non-promoters, subject to approval of members of the company.
The board has approved to increase the authorised share capital of the company from Rs 5.50 crore to Rs 12.50 crore, subject to approval of members of the company.
Further, the board has decided to convene extraordinary general meeting on 02 August 2011.