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HYDERABAD: Goldstone Teleservices Ltd is set to increase its authorised share capital from Rs 10 crore to Rs 17 crore.

The board has been authorised to offer and allot 2.10 crore equity shares of Rs 4 each for cash at a premium of Rs 11 a share on rights basis to the shareholders. This includes the allottees for 73.58 lakh equity shares covered by preferential issue, in the proportion of one equity share of Rs 4 for every existing one equity share of Rs 4 held.

The company has informed BSE that the members at the 5th annual general meeting held on September 12, while adopting profit and loss account, approved re-appointment of Ms Mahita Caddell and Mr M.P. Mehrotra as directors.

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