eDynamics Solutions Ltd to issue 80 lakh shares on preferential basis

The Board of Directors of eDynamics Solutions Ltd at its meeting held on June 06, 2015, has considered and approved the increase in the authorized share capital of the Company to Rs. 30 Crore and Consequent alteration in the capital clause of Memorandum of Association of the Company.

The Board approved proposal to issue, offer and allot 80,00,000 equity shares of Rs. 10/- each on Preferential basis to non promoters at a price higher than the minimum price calculated in accordance with regulation 76 of SEBI ICDR Regulations, subject to the approval of shareholders and necessary permission and sanction form the concerned regulatory authorities.

The Board also approved proposal to conduct an Extra Ordinary General Meeting of the Company on July 06, 2015 at Retreat Motel/Resort, Alipur, Main G.T. Road, Near Palla Mod, Delhi-110036 at 9.15 a.m.

Source : Equity Bulls

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