Board of Vivid Global Industries approves preferential issue of shares to promoter

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Capital Market
Last Updated : Nov 21 2016 | 6:01 PM IST

At meeting held on 21 November 2016

Vivid Global Industries announced that the Board of Directors in its meeting held on 21 November 2016, inter alia, approved the following resolutions to be passed by Postal ballot. These resolutions were already duly passed by the shareholders in the Last Annual General Meeting held on 29 September 2016. the Company is once again passing these resolutions by postal ballot:

1. The Preferential issue of 90,000 (Ninety Thousand) fully paid Equity Shares of Rs. 5/- of the Company to Meena S. Mody, Promoter of the Company.

2. Appointment of Pankaj & Associates, Company Secretary in Practice, as the Scrutinizer for conducting the said Postal Ballot & E-voting process.

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First Published: Nov 21 2016 | 5:42 PM IST