Held on 17 November 2014
Marsons announced that the Board of Directors of the Company at its meeting held on 17 November 2014, inter alia, has approved the following:1. Subject to the approval of shareholders to Issue of 20000000 (Two crore) convertible equity warrants of Rs. 30/- each (including premium of Rs. 20/- each) on preferential basis in accordance with the provisions of Companies Act & as per SEBI (Issue of Capital & Disclosures Requirements) Regulations, 2009.
2. Subject to the approval of shareholders to Increase the Authorized Capital of the Company.
3. To hold AGM in due course for the abovementioned matters.
4. The Board has dropped the proposal of Stock Split for the time being which the Board has decided in its meeting held on 12 September 2014.
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