Sayaji Hotels calls for Board Meeting on Sep 01, 2007

Sayaji Hotels Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 01, 2007, inter alia, to transact the following :

1. Conversion of 4,25,000 Share Warrants into Equity Shares.

2. Issue of 50,000 Fresh Convertible Share Warrants to Promoters.

3. To Fix the Date, time and place of the next Annual General Meeting and approval of the Notice thereof.

Now the Company has informed that, the point no 2 should be read as under:

"Issue of 50,00,000 Fresh Convertible Share Warrants to Promoters."

Source : Equity Bulls

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