Dhanus Technologies approves fund raising proposal

Dhanus Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on January 21, 2008, has considered the subject of Extra Ordinary General Meeting and decided to pass the following resolution through Postal Ballot, after completing the necessary formalities:

1. To increase the Authorised Capital from Rs 20.00 Crores to Rs 40.00 Crores.

2. To increase the Borrowing to Rs 1000.00 Crores.

3. To increase the Power to create, mortgage / Charge to Rs 1000.00 crores.

4. To consider raising of funds upto 100 million USD through FCCB / ECB after getting the necessary regulatory clearances.

5. To consider the preferential issue of share warrants to promoters / promoter groups, Directors and other nominees for the total issue of 17,50,000 share warrants after completing necessary formalities and complying with SEBI DIP Guidelines.

Source : Equity Bulls

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