Prerna Finsafe to raise resources through preferential issue

The Board of Directors of Prerna Finsafe Ltd has decided to increase the authorized capital of the Company and to issue 7,40,000 Equity Shares of Rs 10/- for cash at a premium of Rs 40/- per Equity Share under authority of Section 81 (1A) of the Companies Act, 1956 & subject to SEBI Guidelines dated August 04, 1994 (including any amendment to or re-enactment thereof) issued to cover preferential issues. The abstract from the minutes are as under:

1. Increase in the Authorised Capital of the Company from Rs 6,50,00,000 divided into 65,00,000 Equity Shares of Rs 10/- each to Rs 7,00,00,000 divided into 70,00,000 Equity Shares of Rs 10/- each and consequential amendments in the Memorandum and Articles of Association of the Company.

2. Issue of 7,40,000 Equity Shares of face value of Rs 10/- each at a premium of Rs 40/- per Equity Share, an aggregate value not exceeding Rs 3,70,00,000 in one or more preferential and or private offerings including private placement, in Indian markets to any group of investors other than promoter, in one or more tranches as may be decided by the Board in its absolute discretion.

The following investors have shown their interest to make investment in the Company for cash at a premium of Rs 40/- per Equity share on a preferential basis.

i. Globe Textile (India) Pvt Ltd, Mithakhali, Ahmedabad - 90,000 No of Shares
ii. Parikh Suryakant Hiralal, Mithakahali, Ahmedabad - 30,000 No of Shares
iii. Rishabh Finstock, Laldarwaja, Ahmedabad - 120,000 No of Shares
iv. TPL Finance Ltd, Khanpur, Ahmedabad - 400,000 No of Shares
v. Mitesh Parikh, Mithakhali, Ahmedabad - 100,000 No of Shares

3. An Extra-Ordinary General Meeting of the members of the Company will be held on April 30, 2007 to transact the business mentioned in the draft Notice.

Source : Equity Bulls

Keywords