On 10 May 2014
Sudar Industries announced that a meeting of the Board of Directors of the Company will be held on 10 May 2014:1. To consider the amendment in the Other Object Clauses of the Memorandum of Association of the Company subject to approval of members of the Company.
2. To consider issue of various financial instruments such as Global Depositary Receipts (GDRs), American Depositary Receipts (ADRs), Foreign Currency Convertible Bonds (FCCBs), etc. up to USD 25 million under applicable provisions of Companies Act, 2013 and SEBI Regulations, subject to the approval of members of the Company.
To consider the Company's fund raising program through issue of equity shares on preferential basis to Non Promoters up to USD 25 million, in pursuant to applicable provisions of the Companies Act, 2013 and SEBI Regulations, subject to the approval of the Members of the Company.
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