Satya Miners & Transporters Ltd to consider preferential allotment on Sept 29, 2014

A meeting of the Board of Directors of Satya Miners & Transporters Ltd will be held on September 29, 2014, to approve the raising of fresh Capital through preferential allotment by way of issue of fresh Equity Shares of the Company for an amount of Rupees 30 Crore, to utilize the funds for the expansion of business activities subject to the necessary approvals from the regulatory authority as well as the members of the Company.

The Board will consider proposal to strengthen the board the Board of Directors of Company proposed to appoint two non-executive directors from the proposed candidate.

The Board will also consider the proposal to shift the registered office of the Company from its existing place of business for the convenience and better operation of the Company.

Source : Equity Bulls

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