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| Exchange Disseminated Time | Ahluwalia Contracts (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 25, 2013, inter alia, has considered and approved the following matters :
1. Issue of equity shares of the face value of Rs. 2/- each of the Company to the existing equity shareholders of the Company on a rights basis aggregating upto Rs. 50 Crores (including premium), subject to all applicable statutory and regulatory approvals including approvals under Section 81(1) and (1A) of the Companies Act, 1956.
2. Formation of rights issue committee to do and look after all the activities relating to the issue of further shares of the Company.
3. The time, date and venue of extra ordinary general meeting of the shareholders of the Company for the purpose of considering the proposed issue of the further shares of Ahluwalia Contracts (India) Ltd will be held on December 09, 2013 at 4.00 p.m. at Ahlcon Public School, Mayur Vihar, Phase-I, Delhi-110091. |
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