Aksh Optifibre to increase authorised share capital

Aksh Optifibre Ltd has announced that the Board of Directors of the Company at its meeting held on October 04, 2006, has proposed to increase the Authorised Share Capital of the Company from the existing 15,00,00,000/- divided into 3,00,00,000 equity shares of Rs 5/- each to Rs 21,25,00,000/- divided into 4,25,00,000 equity shares of Rs 5/- each, subject to approval of shareholders.

Further the Company has informed that the Board of Directors has convened an Extra Ordinary General Meeting of the Shareholders of the Company on November 18, 2006, for obtaining consent of the shareholders on the increase of Authorised Share Capital of the Company and consequential amendment in the Capital Clause of the Memorandum of Association of the Company.

Source : Equity Bulls

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