Isibars seeks EGM approval for preferential issue

Isibars Ltd has announced that an Extra-Ordinary General Meeting (EGM) of the members of the Company will be held on December 12, 2006, inter alia, to transact the following:

1. To create, offer, issue and allot 5,00,00,000 Equity Shares of the face value of Re 1/- each at such price fixed in accordance of the SEBI (Disclosure & Investor Protection) Guidelines, 2000, on preferential allotment basis, subject to necessary provisions and approvals.

2. Appointment of Mr Bimal Desai and Mr Neeraj Agarwala as Directors of the Company, liable to retire by rotation.

Source : Equity Bulls

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