Sujana Universal Industries Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 18, 2006, have passed the following resolutions:
1. Increase of Authorised Share Capital of the Company from Rs 80.00 Crores to Rs 110.00 Crores.
2. Issue of Equity Shares/Warrants by way of Preferential Allotment U/S 81 (1A) of the Companies Act, 1956 to the extent of Rs 6.30 Crores consisting of 30,00,000 equity shares of Rs 10/- each and 33,00,000 warrants of Rs 10/- each to the promoters group.
3. Issue of Equity Shares by way of issue of GDRs etc., to the extent of US$ 15.00 Million.