Insul Electronics to issue warrants, increases share capital

Insul Electronics Ltd has announced that the shareholders at the Extra-Ordinary General Meeting (EGM) of the Company held on November 29, 2006, inter alia, have approved the following:

1. To increase the authorized Share capital from existing Rs 3,25,00,000 to Rs 6,00,00,000.

2. To issue 25,00,000 convertible warrants on preferential basis to Promoters and other members.

Source : Equity Bulls

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