Mahalaxmi Rubtech Board to consider Bonus Issue

Mahalaxmi Rubtech Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 23, 2006, inter alia, to consider the following:

1. The capitalization of Reserve by way of issue of Bonus Shares.

2. Further options for raising additional capital by way of Right Issue, follow on offer and Debts.

3. The increase in borrowing power by way of Increase in borrowing limits.

4. Decide the Date of Extra ordinary General Meeting of the Shareholders of the Company.

5. To discuss and review the activities of the Company.

Source : Equity Bulls

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