Cubical Financial EGM approves issue of 1 crore shares

Cubical Financial Services Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on June 24, 2009, inter alia, have approved the issue of upto 1,00,00,000 Equity Shares of Rs 10 each, fully paid-up on a preferential allotment basis to the promoter / strategic investors as per the Notice for EGM subject to regulatory approvals.

The members have also approved the increase in the authorized share capital of the Company from Rs 3,51,00,000 to Rs 13,51,00,000/- and resultant alteration in the memorandum of association of the Company.

Source : Equity Bulls

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