Held on 13 November 2015
Mangal Credit & Fincorp announced that the Board of Directors of the Company at its meeting held on 13 November 2015, have considered and approved following items:1. In suppression of Board Resolution passed on 05 November 2015, Board has passed new resolution to increase Authorized Share Capital up to Rs. 25 crore instead of Rs. 20 crore.
2. In suppression of Board Resolution passed on November 05, 2015, Board has passed new resolution for raising funds up to Rs. 75 Crore through issue of shares/warrants to promoters/non promoters on preferential basis instead of Rs. 50 crore.
3. Approved the Notice for convening Extra Ordinary General Meeting (EGM) of the members of the Company to be held on 09 December 2015 for seeking approval of Bonus Issue and Preferential Issue.
4. Appointment of M/s. Vijay S. Tiwari & Associates, Practicing Company Secretary as Scrutinizer for the e-voting and EGM process.
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