Granules India EGM approves raising funds

Granules India Ltd has announced that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on December 04, 2006, have unanimously approved the following business:

1. Issue of Convertible Securities / ADRs / GDRs / FCCBs for raising of Funds.

2. Alteration of Memorandum of Association - Increase of Authorized Share Capital.

3. Alteration of Articles of Association.

4. Enhancement of Borrowing Powers.

Source : Equity Bulls

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