Dhandapani Finance to increase authorised share capital, issue preference shares

Dhandapani Finance Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 20, 2006 to consider the following:

1. Reconstitution of the Board.

2. Increase in Authorised Share Capital.

3. Modification in the terms of Managing Director's remuneration.

4. Approval of the transfer of shares to M/s D B Zwrin Mauritius acquired by them through the open offer.

5. Approval of the transfer shares acquired by M/s D B Zwirn Mauritius on the basis of the Share Purchase Agreement dated May 04, 2006.

6. Issue of Redeemable optionally convertible preference shares on a preferential issue basis.

7. To fix the date, time and venue of Extra-ordinary General Meeting.

Source : Equity Bulls

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