Suryamukhi Trading EGM approves name change, preferential issue

Suryamukhi Trading & Finance Ltd has announced that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on December 02, 2006, inter alia, have accorded to the following:

1. Change of name of the Company from "Suryamukhi Trading & Finance Ltd" to "Bio Green Industries Ltd" subject to the approval of the Registrar of Companies U/s 21 of the Companies Act 1956.

2. The Preferential Issue up to 54 Lakhs equity shares of the face value of Rs 10 each comprising of 20 lakhs equity shares on cash basis at a price of Rs 10 per shares being the price which is in accordance with SEBI Guidelines for preferential issue to the various investors as mentioned in the Notice, and 34 lakhs equity shares of Rs 10 each to the various Share Holders of Shive Sagar Paper & Chemicals Ltd on shares swap basis, on such terms and condition that the Board of the Company may deemed appropriate in its absolute discretion.

Source : Equity Bulls

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