Vikas WSP withdraws preferential issue

Vikas WSP Ltd has announced that the Board of Directors of the Company at its meeting held on September 02, 2007, has decided to withdraw the Board Proposal for Preferential Allotment of Equity Shares to Promoters and others. The said proposal was approved by the Board on August 04, 2007. Since it doesn’t comply with SEBI guidelines as amended upto June 10, 2007.

The issue of preferential allotment will be taken up subsequently, according to relevant SEBI Guidelines and other applicable provisions of the relevant Law.

Henceforth the allotment of shares on preferential basis to promoters will not form the part of agenda of AGM.

Source : Equity Bulls

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