Chamatkar.Net EGM to approve bonus, stock split

Chamatkar.Net India Ltd has announced that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 11, 2006, to transact the following:

1. Increase in Authorised Share Capital of the Company from Rs 2,05,00,000/- divided into 13,70,000 Equity Shares of Rs 10/- each and 6,80,000 Preference Shares of Rs 10/- each to Rs 5,00,00,000/- divided into 4,32,00,000 Equity Shares of Rs 1/- each and 6,80,000 Preference Shares of Rs 10/- each and consequential amendments in the Memorandum of Association of the Company.

2. Sub-division of existing Equity Shares of Rs 10/- each into Equity Shares of Rs 1/- each.

3. Issue of Bonus Shares in the proportion of 1 Equity Share for every 2 existing Equity Shares.

4. Authorise the Board to borrow funds for expansion and acquisition as required.

Source : Equity Bulls

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