Kanoi Paper Board approves rights issue

Kanoi Paper & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on June 27, 2007, inter alia, has approved the following:

1. Fixation of date of AGM on July 27, 2007.

2. The Increase of Authorized Capital to be put up for approval of shareholders in AGM.

3. The issue of shares on rights basis to be put up for approval of shareholders in AGM.

4. Proposal for De-listing from Calcutta Stock Exchange Association Ltd to be put up for approval of shareholders in AGM.

5. Proposal for amendment of Objects Clause for construction of Power Project for captive consumption to be put up for approval of Shareholders in AGM.

Source : Equity Bulls

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