Everest Kanto to consider allotment of shares to Brightwill Ltd

Everest Kanto Cylinder Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 03, 2006, inter alia, to consider the following:

1. Allotment of 18,96,900 equity shares of face value of Rs 10/- each at a price of Rs 485/- per share to the M/s Brightwill Ltd in accordance with the special resolution passed by the members in the Extraordinary General Meeting held on October 20, 2006.

2. Restructuring of the Board of Directors.

3. Amendment of the Articles of Association.

Source : Equity Bulls

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