Outcome of Board Meeting

| Updated on January 19, 2011 Published on January 19, 2011

Emporis Projects Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 15, 2011, inter alia, has discussed and approved the following matters:

1. The issue of 3 Crores Convertible Equity Warrants on Preferential basis under Section 81 (1A) of the Companies Act. 1956 to various allottees, subject to Members approval.

2. The Increase in Authorised Share Capital of the Company from Rs. 10,00,00,000 (Rupees Ten Crores) to Rs. 45,00,00,000 (Rupees Forty Five Crores), subject to Members approval.

3. The Alteration of Capital Clause of the Memorandum of Association of the Company, subject to Members approval.

4. The Alteration of Memorandum of Association of the Company by inserting new Objects pertaining to Power, Infrastructure, Media and Entertainment to the existing Object Clause, subject to Members Approval.

5. Increase in the limits for Inter-Corporate Loans, Investments, Guarantee and Securities u/s 372A of the Companies Act, 1956, up to 350 Crores subject to Members approval.

6. To give authority to the Board to capitalize the reserves from time to time, thereby altering the Articles of Association of the Company, subject to the Members approval.

7. To hold the Extra Ordinary General Meeting on February 15, 2011 to transact the above mentioned business matters.

Source : BSE - >www.bseindia.com

Published on January 19, 2011
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