Gujarat Petrosynthese allots shares to promoters

Gujarat Petrosynthese Ltd has announced that the Board of Directors of the Company at its meeting held on August 13, 2007, has resolved to offer and issue equity shares to promoters on preferential allotment basis subject to the approval of shareholders as per preferential allotment guidelines. The Company will issue 19,50,000 equity shares to existing promoters of the Company as per details mentioned hereinbelow:

a. Multichem Pvt Ltd: 1063000 no of shares proposed to be allotted

b. Dr. R M Thakkar: 90000 no of shares proposed to be allotted

c. Dr.(Mrs) S R Thakkar: 652000 no of shares proposed to be allotted

d. Ms. Urmi N Prasad: 15000 no of shares proposed to be allotted

e. Ms. Charita R Thakkar: 15000 no of shares proposed to be allotted

f. Ms. Ursual R Thakkar: 15000 no of shares proposed to be allotted

g. Guardian Finance Ltd: 100000 no of shares proposed to be allotted

Further the Company has informed that, the Board also decided to increase the Authorised capital from Rs 7.50 crores Rs 8.00 crores, subject to approval of shareholders of the Company.

Source : Equity Bulls

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