Grandeur Products Ltd to isse 5460000 shares

The Board of Directors of Grandeur Products Ltd at its meeting held on July 25, 2015, has resolved to increase the Authorized Share Capital of the Company to Rs. 12,00,00,000.00 (Rupees Twelve Crores) and resolved to issue and allot 54,60,000 equity shares on preferential basis to promoter and Others.

The Board resolved to shift the registered office of the Company from the state of West Bengal to the State of Telangana.

The Board resolved to approve the Notice of Postal Ballot & Remote e-voting process for seeking the approval of members in connection with the increase of the Authorized Share Capital of the Company to Rs. 12,00,00,000.00 (Rupees Twelve Crores), issue and allotment of 54,60,000 equity shares on preferential basis to promoter and Others and shifting of the registered office of the Company from the state of West Bengal to the State of Telangana.

The Board appointed the Scrutinizer to conduct the Postal Ballot & e-voting process in a fair and transparent manner.

The Board also approved the Calender of Events.

Source : Equity Bulls

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