Accentia Technologies Board Meeting on Oct 22, 2007 to consider preferential issue

Accentia Technologies Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 22, 2007, inter alia, to consider the following:

1. The Company has received in-principle approval for the allotment of preferential equity shares numbering 4,00,000 and 6,00,000 warrants.

2. The Preferential equity shares for which the Company has received in-principle approval for allotment from exchange comprises of 2,00,000 equity shares to Mr. Ravi K Sheth, 2,00,000 equity shares to Mr. Bhart K Sheth of Great Eastern Shipping Group. The Warrants issue includes 1,00,000 each warrants to Mr. Ravi K Sheth and Bharat K Sheth of Great Eastern Shipping Group and 4,00,000 warrants to the Promoter Director Mr. Pradeep Suseela Viswambharan.

3. To approve the allotment of the above stated equity shares and warrants, the board meeting is scheduled.

Source : Equity Bulls

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