Linkson International approves issue of 850000 equity shares

Linkson International Ltd has announced that the Board of Directors of the Company at its meeting held on October 26, 2009, inter alia, has considered and approved offering and issue of 850000 equity shares of Rs. 10/- each on preferential basis to others at a price of Rs. 35/- (including premium of Rs. 25/- per share) or at a price not less than as determined as per SEBI (ICDR) Regulations, 2009 to part finance expansion plan of the Company, to meet working capital requirements and to retirement of old debts, subject to the approval of shareholders of the Company.

The Board approved the alteration in Object Clause of Memorandum of Association of the Company, subject to the approval of shareholders of the Company.

The Board approved the Postal ballot process to seek approval of the members of the Company for proposed issue of shares on preferential basis and alteration in Object Clause of Memorandum of Association of the Company.

The Board also appointed Mr. Manish L. Ghia, Practising Company Secretary, as Scrutinizer for conducting postal ballot process in fair and transparent manner.

Source : Equity Bulls

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