Autolite India Board to consider preferential issue

Autolite India Ltd has announced that a meeting of the Board of Directors of the Company will be held on June 01, 2007, to consider the following:

1. To consider and determine issuance of Equity shares on preferential basis to the financial institution.

2. To consider and determine issuance of Equity Share warrants on preferential basis to the promoters and their associates.

3. To consider and approve the notice of Extra-ordinary General Meeting for seeking necessary consent from the members as required under Section 81(1A) of the Companies Act, 1956 for issuance of Equity shares and / or warrants on preferential basis and amendment in the Articles of Association of the Company.

Source : Equity Bulls

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