Commitment Capital Services EGM approves issue of 1.1 crore warrants

Commitment Capital Services Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 22, 2009, inter alia, have approved the issue of 1,10,00,000 Convertible Warrants on Preferential basis u/s 81(1A) of the Companies Act, 1956 to promoters & strategic investors of the Company.

The EGM approved further issue of equity Shares or other securities u/s 81 of the Companies Act, 1956 and re-appointment of Mr. Akash Kumar as Managing Director for a period of five years at a requisite remuneration.

Source : Equity Bulls

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