Held on 28 May 2014
Avonmore Capital & Management Services announced that the Board of Directors of the Company at its meeting held on 28 May 2014, inter alia, considered and approved the following:1. Resignation of Sanjay Grover from the directorship of the Company w.e.f. 26 May 2014.
2. Issuance of 3000000 Warrants convertible into equal number of equity shares on preferential basis to two non-promoters namely Amerendra Financial and Dinkar Commercials in equal proportion, at a price of Rs 25 (including a premium of Rs 15), in accordance with the Regulations prescribed by the Securities And Exchange Board of India (SEBI) and Listing Agreement/s entered into by the Company with the Stock Exchanges, where the shares of the Company are listed, and subject to the consent of the shareholders of the Company.
3. Increase in Authorised Capital of the company from Rs 25 crore to Rs 30 crore.
4 Alteration in Capital Clause of the Memorandum of Association of the Company.
5. Approval to carrying out of the, Postal Ballot under Section 110 of the Companies Act, 2013, and applicable provisions, for Preferential Allotment, increase in authorised capital and alteration in the Capital Clause of Memorandum of Association of the Company.
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