Enbee Trade & Finance Ltd approves issue of 120050 shares

The Board of Directors of Enbee Trade & Finance Ltd at its meeting held on April 17, 2015, have approved the proposal to create, offer, issue, and allot 1,20,050 (One Lakh Twenty Thousand and Fifty) equity shares of Rs. 10/- (Rupees Ten) each on premium of Rs. 40/- (Rupees Forty) each on Preferential basis subject to the consent of the members in the Extra-ordinary General meeting to be held on May 18, 2015.

The Board approved April 18, 2015 as the Relevant Date for calculating the pricing of the securities to be issued on preferential basis as per Chapter VII of SEBI (ICDR) Regulations, 2009.

The Board approved increase in Authorized share Capital of the Company from Rs. 24,50,000/-(Rupees Twenty Four Lakhs Fifty Thousand Only) divided into 2,45,000 (Two Lakhs Forty Five Thousand) equity shares of Rs. 10/- (Rupees Ten) to Rs. 2,00,00,000/- (Rupees Two Crores) divided into 20,00,000 (Twenty Lakhs) equity shares of Rs. 10/- (Rupees Ten) subject to the consent of the members in the Extra-ordinary General meeting to be held on May 18, 2015.

The Board approved the Notice of the Extra-ordinary General Meeting of the members to be held on May 18, 2015.

The Board also appointed Mr. Amit R. Dadheech, Practicing Company Secretary as scrutinizer for handling the E-voting process of the Company for the Extra-ordinary General meeting to be scheduled on May 18, 2015.

Source : Equity Bulls

Keywords