Quantum Digital Vision India Ltd to allot preference shares

The Board of Directors of Quantum Digital Vision India Ltd at its meeting held on July 28, 2014, has approved the re-classification of authorized share capital by reclassifying 22,12,500 Equity shares of Rs. 10/- each into Preference shares. Accordingly, the Authorized share capital of the Company shall be Rs. 7,00,00,000/- (Rupees Seven Crores Only) divided into 30,37,500 (Thirty Lakhs Thirty Seven Thousand Five Hundred) equity shares of Rs. 10/- (Rupees Ten Only) each and 39,62,500 (Thirty Nine Lakhs Sixty-two Thousand Five Hundred) preference shares of Rs. 10/- each (Rupees Ten Only).

The Board approved proposal to issue and allot not exceeding 25,00,000 Redeemable Preference shares of Rs. 10/- each on preferential basis to non-promoters and said preference shares shall not be listed on any Exchange.

The Board approved the proposal to hold Annual General meeting of the Company on September 29, 2014 at the Registered Office of the Company in order to seek the approval of members for the above.

Source : Equity Bulls

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