JMA Industries to issue preference shares

JMA Industries Ltd has announced that the Board of Directors of the Company at its meeting held on July 24, 2008, inter alia, has passed the proposal, subject to the approval of the shareholders in Annual General Meeting, to issue 1,500,000 preference shares of Rs 100 each to the promoters of the Company and thereby, increasing the Authorised Share Capital by Rs 150,000,000/- (Rupees One Hundred Fifty Million only) by creating 1,500,000 preference shares of Rs 100 each of the Company.

Source : Equity Bulls

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