Shrenuj & Company members approve issue of securities

Shrenuj & Company Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on October 18, 2006, have accorded authority to Board to issue, offer, and allot, in domestic and/or international offerings any securities including Global Depository Receipts and/or American Depository Receipts convertible into Equity Shares, Equity Shares, Securities Linked Equity Shares or any instrument or securities representing convertible securities such convertible debentures, bonds or warrants, convertible into depository receipts, underlying Equity Shares (securities), upto an amount o Rs 130 Crores including premium as the Board may in its sole discretion at any time or times hereafter decide in accordance with the terms of the issue and in accordance with the provisions of the Companies Act, 1956, subject to necessary provisions & approvals.

Source : Equity Bulls

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