Jayant Agro EGM approves issue of shares, warrants

Jayant Agro Organics Ltd has announced that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on January 18, 2008, have accorded their approval to increase in the Authorised Share Capital of the Company from Rs 12,50,00,000/-to Rs 17,50,00,000/-.

To issue 6,00,000 Equity Shares of Rs 105/- each (face value Rs 5/- + premium Rs 100/-), to select investor of the Company, on Preferential basis.

To issue 17,00,000 convertible warrants of Rs 105/- each (face value Rs 5/- + premium Rs 100/-), into equal number of Equity Shares on preferential basis, to select investor and to the promoter of the Company.

To issue Foreign Currency Convertible Bonds, not exceeding US$ 20 million as may be decided by the Board of Directors of the Company, from time to time.

Source : Equity Bulls

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