Parekh Aluminex to raise funds

Parekh Aluminex Ltd has announced that the Board of Directors of the Company at its meeting held on June 06, 2007, has considered the following:

1. Issue of 30 lac Equity Share Warrants on preferential basis convertible into equal number of equity shares at a price to be determined in accordance with SEBI preferential issue guidelines.

2. Increase in the Authorised Share Capital of the Company to Rs 16 crores.

3. Alteration of the Capital clause of the Memorandum and Articles of Association of the Company.

4. Issue of GDR / FCCB / any other instrument(s).

5. Convene an EGM on July 02, 2007 for obtaining necessary approvals from the Shareholders of the Company.

Source : Equity Bulls

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