Fulford India EGM approves preferential issue

Fulford India Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 15, 2006, have passed the Special Resolution to create, issue and allot 7,00,000 equity shares, of Rs 10/- each to be subscribed by the promoter of the Company viz., Dashtag, under a preferential issue in such a manner and on such terms as the Board may deem fit, provided that the price of the equity shares so issued shall not be less than Rs 575/-per equity share of Rs 10/- each (including a premium of not less than Rs 565/- per equity share), which is not less than the price respect to the Relevant Date i.e., October 16, 2006, as prescribed under the Guidelines for Preferential Issues contained in Chapter XIII of the Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines, 2000, subject to necessary provisions & approvals.

Source : Equity Bulls

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