Basant Agro to seek EGM approval on Jan 29, 2007 for issue of warrants

Basant Agro Tech India Ltd has announced that an Extra Ordinary General Meeting (EGM) of the Members of Company will be held on January 29, 2007, inter alia, to create, offer, issue, and allot, from time to time 5,00,000 warrants to the promoter of the Company convertible into Equity shares or entitling the warrant holder to apply for, equity shares under a preferential issue, at the price of equity shares so issued shall not be less than Rs 52/- (including a premium of Rs 42/-) per equity share of Rs 10/- equity share being the price with respect to the Relevant Date i.e. December 30, 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.

Source : Equity Bulls

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