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Outcome of Board Meeting ( EGM on May 10, 2012)

| Updated on November 15, 2017 Published on April 12, 2012

Parekh Aluminex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 11, 2012, inter alia, considered and decided to convene the Extra Ordinary General Meeting of the Company on May 10, 2012 to seek the approval of the members of the Company for the following matters:

1. To adopt a new set of Articles of Association of the Company under Section 31 of the Companies Act, 1956.

2. To increase the Authorised Share Capital of the Company from Rs. 20 Crores to Rs. 30 Crores and consequent alteration in the capital clause of Memorandum of Association of the Company under Section 16 and 94 of the Companies Act, 1956.

3. To issue shares or securities by way of Qualified Institutional Placement (QIPs) / Foreign Currency Convertible Bonds (FCCBs) / American Depository Receipts (ADRs) / Global Depository Receipts (GDRs) / any other permissible securities up to an aggregate amount, including premium, not exceeding Rs.4000 Million, subject to the approval of shareholders under Section 81(IA) of the Companies Act, 1956.

4. To appoint M/s. B. Bhushan & Associates, Chartered Accountants, Mumbai as Statutory Auditors who would act jointly with existing Auditors M/s. C.V. Pabari ‘St Co., Chartered Accountants, Mumbai.

Source : BSE - >www.bseindia.com

Published on April 12, 2012
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