Khaitan Electricals Board to consider preferential issue of securities

Khaitan Electricals Ltd has announced that a meeting of the Board of Directors of the Company will be held on October 31, 2006, to discuss the following agenda:

1. Approval of Unaudited Financial Results for the Second quarter ended September 30, 2006.

2. To consider issue of upto 50,00,000 Equity Shares / Preference Shares / Equity Share Warrants on preferential basis to individual, investors, Qualified Institutional Buyers etc., & Promoters.

3. To convene an Extra Ordinary General Meeting (EGM) for considering the matter relating to issue of Equity Shares / Preference Shares / Equity Share Warrants on preferential basis and to approve the Notice of EGM.

4. To consider Scheme of Merger / Amalgamation of M/s Khaitan Lefin Ltd., Kolkata with the Company.

Source : Equity Bulls

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