K Sera Sera EGM approves issue of securities

K Sera Sera Productions Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 26, 2007, inter alia, have transacted the following business:

1. The Authorized Share Capital of the Company is reclassified from 50,00,00,000 divided into 2,50,00,000 equity shares of Rs 10/- each and 2,50,00,000 Preference Shares of Rs 10/- each to 50,00,00,000 divided in to 4,50,00,000 Equity shares of Rs 10/- each and 50,00,000 preference shares of Rs 10/- each.

2. The Capital of the Company has been increased from current Rs 50 Crores to Rs 75 Crores, comprising of 7,00,00,000 Equity shares of Rs 10/- each and 50,00,000 preference shares of Rs 10/- each.

3. To issue / allot Global Depository Receipts (GDR) / American Depository Receipts (ADRs) / Euro Convertible Bonds (ECBs) / Foreign currency Convertible Bonds (FCCBs) / Secured Premium Notes (SPN) / any securities convertible in to, equity shares whether optionally or otherwise up to an aggregate amount of US $50 Million or in equivalent Indian and / or any other currency (ies) to Indian or foreign investors, institutions, incorporated bodies, mutual funds and etc.

Source : Equity Bulls

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