Oceanaa Biotek Industries Ltd to issue shares on preferential basis

The Board of Directors of Oceanaa Biotek Industries Ltd at its meeting held on August 22, 2014, have approved the proposal to issue Equity shares on preferential basis to shareholders of value Rs. 4 crores only (Rupees Four crores only) subject to the approval of members in General meeting of the company.

The Board approved proposal to appoint Sri. Maheswaran, as Scrutinizer for conduct of e-voting of Annual General Meeting of the Company.

The Board approved the appointment of Sri. lrudayaraj Beularaj and Sri. Jesuraj as Independent Director of the Company for a term of five consecutive years commencing from September 24, 2014 subject to the approval of members at the ensuing Annual general meeting of the company.

Source : Equity Bulls

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