Pix Transmissions to issue 20,00,000 warrants

Pix Transmissions Ltd has announced that the Board of Directors of the Company at its meeting held on September 11, 2007, has approved the issue of 20 Lakhs warrants at the rate determined by Board of Directors as per guideline of SEBI to promoters, which have been approved in the last Board meeting held June 23, 2007.

Further it has been approved to call Extra Ordinary General Meeting of Share holders on October 17, 2007 for approve and issue of 20 Lakhs warrant at the rate determined by Board of Directors as per guideline of SEBI entitling the warrant holder(s) from time to time to apply for one equity shares of the Company in one or more transact, to promoter / promoter group whether or not they are members of the Company, on preferential placement basis thought offer letter and for approval of passing Special Resolution for change in Memorandum of Association and Article of Association of the Company for change in Authorized Capital.

Source : Equity Bulls

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