Shrenuj & Company Board to consider raising of resources

Shrenuj & Company Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 24, 2006, inter alia, to consider the following:

1. Increase in Authorised Share Capital of the Company from Rs 25 Crores to Rs 35 Crores.

2. Raising of resources through issue of securities in the domestic and / or international market upto Rs 120 Crores.

3. To make a preferential Issue of share warrants to the Promoters.

4. To form a trust to issue shares to employees.

5. To approve the notice u/s 192 A of the Companies Act, 1956.

Source : Equity Bulls

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