Gupta Synthetics Board to consider Bonus Issue

Gupta Synthetics Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 18, 2006, inter alia, to transact the following business:

1. To consider the alteration / variation of right of 6% redeemable Preference shareholders.

2. To consider the date of convening the meeting of Preference shareholders.

3. To consider to raise funds through FCCBs / GDRs / ADRs or through any other means to the tune of Rs 100 Crores.

4. To Increase the Authorised Share Capital of the Company.

5. To consider the issue of Bonus Shares.

6. To approve Un-audited Financial Results for the quarter ended September 30, 2006.

7. To consider the date of convening the Extra Ordinary General Meeting of the Company.

Source : Equity Bulls

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