Vijay Shanthi to issue 1906300 warrants

Vijay Shanthi Builders Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 22, 2006, inter alia, to consider the following:

1. Preferential Issue of 1906300 Warrants to promoter group, with an option to apply for equity shares at a future date, not exceeding 18 months from the date of Issue, at a price to be determined by the Board in accordance with SEBI Guidelines in this regard.

2. To Increase Borrowing powers of the company from Rs 100 Crores presently to Rs 200 crores.

3. To Convene EGM of the members of the Company under Companies Act, 1956 to seek approval for the above.

Source : Equity Bulls

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