Dover Securities EGM approves raising funds

Dover Securities Ltd has announced that the shareholders at the Extraordinary General Meeting (EGM) of the Company held on January 12, 2008, have considered and approved the increase in Authorised Share Capital of the Company.

The Board also approved issue of Right shares at par to the existing shareholders of the Company at a ratio of 2 (two) equity shares alongwith 2 (two) Convertible Detachable Warrants for every 1 (one) equity shares held.

Authorized Company to borrow money for its business purpose in excess of its paid-up capital and free reserves to the extent of Rs 225.00 crores.

Source : Equity Bulls

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