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Outcome of board meeting of BFL Developers

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Capital Market

Held on 03 May 2017

BFL Developers has informed BSE that the Board of Directors of the Company at its meeting held on 03 May 2017, inter alia, considered and approved the proposal of conducting postal ballot process and matters connected thereto to seek the consent of members for authorizing the Board for:

1. Change in the name of the Company from "BFL Developers" to "BFL Asset Finvest ".

2. Increase in Authorized Share Capital of the Company from Rs. 5,50,00,000 (Rupees Five Crores and Fifty Lakhs) to Rs. 12,00,00,000 (Rupees Twelve Crores) and accordingly alteration of Capital clause of the Memorandum of Association;

 

3. Preferential issue of equity shares

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First Published: May 03 2017 | 7:12 PM IST

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