Outcome of Board Meeting

| Updated on March 18, 2011 Published on March 18, 2011

Globus Constructors & Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 18, 2011, have discussed and approved the Preferential allotment of Equity Shares to both Promoter and Non - Promoter Group and the conversion of the existing Preference Shares into Equity Shares. The Company has also decided to re-classify the Authorised Capital.

The Company has authorized the Director of the Company to take further steps for taking approval of the shareholders for all the aforesaid matters including the finalization of the EGM Notice.

Source : BSE - >www.bseindia.com

Published on March 18, 2011
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