Essen Supplements Board Meeting on Sep 04, 2008 to consider fund raising

Essen Supplements India Ltd has announced that a meeting of the Board of Directors of the Company will be held on September 04, 2008, inter alia, to consider the proposal to raise resources for enhancing the net worth of the Company and also to meet the long term working capital requirements by way of fresh issue of equity shares to Promoters, Domestic Investors, Institutional Buyers, Mutual Funds, Banks, insurance Companies, FIIs, NRIs & Corporate Bodies etc on preferential allotment basis in compliance with Chapter XIII of the SEBI (Disclosure and Investor protection Guidelines) 2000 and subsequent amendments thereto.

To consider the increase in the authorized share capital of the Company from Rs 350 Lacs to Rs 1000 Lacs.For Opening of a current account with HDFC Bank Ltd.

Source : Equity Bulls

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