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Outcome of board meeting of Maxheights Infrastructure

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Capital Market
Last Updated : Mar 24 2014 | 11:55 PM IST

EGM to be hold on 21 April 2014

The meeting of the Board of Directors of Maxheights Infrastructure held on 21 and 22 March 2014 has approved the following:

The Board approved the proposal to increase the authorised share capital of the Company.

The Board approved the proposal for preferential allotment of equity shares u/s 81 (1A) of the Companies Act, 1956 read with SEBI (Issue of Capital & Disclosure Requirements) Regulation, 2009.

The Board approved the proposal of conducting the extraordinary general meeting on 21 April 2014 to obtain the approval of members for the following purposes:

- Increase the authorised share capital of the Company;

- Preferential allotment of equity shares u/s 81 (1A) of the Companies Act, 1956 read with SEBI (Issue of Capital & Disclosure Requirements) Regulation, 2009;

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- Appointment of Naveen Narang as the Managing Director of the Company with effect from 07 February 2014.

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First Published: Mar 24 2014 | 9:29 AM IST

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