Southern Ispat to allot shares

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Updated: 08/07/2009 | 12:00 AM IST

Manufacturing

Capital Market

Wednesday, July 08, 2009 (New Delhi)

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The members of Southern Ispat have accorded to allotting on preferential basis upto 50,00,000 equity warrants and for the allotment of equity shares, at the option of the holders they shall be allotted one fully paid of equity shares of Rs 10 each. The 'relevant date' for this purpose being 05 June 2009 applicable to preferential allotment of the equity warrants to Vivek Agarwal(20,00,000), K K Agarwal (10,00,000), Anusuya Devi Agarwal(10,00,000) and Richa Agarwal(10,00,000).

The members have also decided to increase the authorised capital of the company from Rs 16,00,00,000 to Rs 18,00,00,000.

This was accorded at the extra ordinary general meeting held on 07 July 2009.