| ||EGM on Feb 08, 2012 | 02/04/12 13:40|| |
| ||Octant Industries Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on February 08, 2012, inter alia, to transact the following:|
1. To offer, issue, allot and deliver 56,52,174 (Fifty-six Lakhs Fifty-two Thousand One-hundred and Seventy-four only) Equity Shares of Rs. 10 each of the Company with a price of Rs. 23 per Share (Rs. 13 as Premium per share) on preferential basis issued and allotted to the following allottees (Promoter & non-promoter group) for cash which shall rank pari-passu with the existing equity shares of the Company, in such form and manner and upon such terms and conditions as the Board may in its absolute discretion deem fit, at a price of not less than the price as on "Relevant Date"( Which is thirty days prior to the date of the General Meeting of the Shareholders) determined based on the provisions of Clause 71 and 76 of SEBI (Issue of Capital And Disclosure Requirements) Regulations, 2009.
2. To increase the Authorised Share Capital of the Company from Rs. 26,00,00,000 (Rupees Twenty Six Crores) divided into 2,60,00,000 equity shares of Rs. 10 each to Rs. 31,00,00,000 (Rupees Thirty One Crores only) divided into 3,10,00,000 equity shares of Rs. 10 each, ranking pan passu with the existing equity shares & consequential amendment in the Memorandum & Articles of Association of the Company. (For more details kindly refer Corporate Announcements on www.bseindia.com).