Outcome of Board Meeting

| Updated on July 18, 2012 Published on July 18, 2012

Amalgamated Electricity Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 17, 2012, have accorded their in-principle approval to the issue of 2,05,000 preferential warrants of Rs. 10/- each aggregating Rs. 20.50 lacs. The warrants are proposed to be issued to the promoters of the Company and shall be subject to the approval of the shareholders to be obtained pursuant to Section 81(1A) of the Companies Act, 1956 at the ensuing Seventy-Seventh Annual General Meeting of the Company as well as subject to the approval of appropriate authorities that may be required to be obtained for the purpose.

Source : BSE - www.bseindia.com

Published on July 18, 2012
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