Others

Outcome of Board Meeting (EGM on Dec 12, 2015)

| Updated on November 10, 2015 Published on November 10, 2015

Denis Chem Lab Ltd has informed BSE that the Board of Directors of the Company at its meeting held November 10, 2015 have considered the matter and have decided the following:

1. To obtain approval of the Members under Section 61 of the Companies Act, 2013 and rules framed thereunder to increase its Authorised Share Capital from Rs. 11 crores to Rs. 13 crores;

2. To obtain approval of the Members under Section 14 of the Companies Act, 2013 and rules framed thereunder for alteration of Articles of Association to insert a specific clause for the issue of Equity Warrants of the Company and pass necessary resolution;

3. To offer/issue/allot 27,00,000 Equity Warrants of Rs. 10/- each @ premium of Rs. 50/- per Equity Warrant (having right of entitlement of conversion into Equity Shares of Rs.10/- each @ premium of Rs. 50/- per Share within 18 months from the date of allotment of Equity Warrants) aggregating to Rs. 60/- per Equity Warrant which is in accordance with the SEBI Regulations for Preferential Issues to Non – Promoters on Preferential basis subject to the approval of the Members in General Meeting.

4. To convene Extra Ordinary General Meeting of the Members of the Company on December 12, 2015 at 11.00 a.m. at the Registered Office of the Company for obtaining approval of the Members under Section 61, 14 & 62(1)(c) read with 23 & 42 of the Companies Act, 2013 and rules framed thereunder for the above referred issue and the Cut-off date for providing e-voting facilities is determined as 5th December, 2015 and E-voting period as December 09, 2015 to December 11, 2015.

Source : BSE - >www.bseindia.com

Published on November 10, 2015
This article is closed for comments.
Please Email the Editor