Sundaram Multi Pap adjourns Board Meeting

Sundaram Multi Pap Ltd has announced that the Board of Directors of the Company has decided to adjourn the Board Meeting held on November 17, 2006 to November 24, 2006, inter alia, to consider the agenda of November 17, 2006 meeting, which includes following:

1. To issue upto 30 lacs equity shares of the Company to Qualified Institutions Buyers as per the provisions of Chapter XIII A of the SEBI (Disclosure and Investor Protection) Guidelines, 2000. Alternatively, to issue Preference shares upto 30 lacs shares in compliance with the provisions of Chapter XIII of the SEBI (Disclosure and Investor Protection) Guidelines, 2000.

2. To issue upto 30 lacs Optionally Fully Convertible Warrant (OFCW’s) of Re 1/- each at a price arrived at as per chapter XIII of SEBI (Disclosure and Investor Protection) Guidelines, 2000 to the Promoter / Promoter Group / Friends / Associates.

Source : Equity Bulls

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