Suryamukhi Trading EGM to discuss preferential allotment, change name of the company

Suryamukhi Trading & Finance Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on November 28, 2006, inter alia, to consider the following business:

1. Preferential Allotment of shares for the acquisition of stake in Shivsagar Paper & Chemicals Ltd to the tune of Rs 540 lakhs.

2. Of the total preferential placement of Rs 540 lakhs, constituting 54,00,000 shares of Rs 10/- share will be comprising of 20,00,000 shares of Rs 10/ each to various investors aggregating to Rs 200 lakhs and 34,00,000 shares of Rs 10/- each aggregating to Rs 340 lakhs to the shareholders of Shivsagar Paper & Chemicals Ltd on share swap basis.

3. Change of name of the company to Bio Green Industries Ltd for which ROC has already given name availability approval.

Source : Equity Bulls

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