Dolphin Medical Board to discuss issue of shares on preferential basis

Dolphin Medical Services Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 29, 2006, inter alia, to discuss the following:

1. To review the business plans of the Company and to discuss entry into new business(es) and to consider amendments to the Objects Clause contained in the Memorandum of Association of the Company.

2. To issue the unsubscribed portion of the Rights Issue shares to the promoters on preferential basis.

3. To issue convertible equity warrants to the promoters on preferential basis up to 15% of the paid up capital which will be converted into equity shares in three tranches.

4. To discuss the issue of continuing the listing in the Hyderabad Stock Exchange Ltd. and Ahmedabad Stock Exchange Ltd.

5. To fix the date of the Annual General Meeting for the year 2005-06.

Source : Equity Bulls

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