| ||Outcome of EGM | 07/01/11 12:06|| |
| ||Hira Ferro Alloys Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on July 01, 2011, inter alia, have accorded their approval in respect of the followings:|
1. Issue of Bonus Shares in the ratio of 4:1 (Four (4) fully paid-up equity shares of Rs. 10/- each, for every One (1) Equity Share of Rs. 10/- each, held as on the record date).
2. Increased in Authorized Capital of the Company from Rs. 12,00,00,000 to Rs. 20,00,00,000 by creation of 80,00,000 Equity shares of Rs. 10/- each.
3. Alteration of the Capital Clause of Memorandum of Association for Increased Authorized Capital of Rs. 20,00,00,000 divided into 2,00,00,000 Equity Shares of Rs. 10/- each.
4. Alternation of the Articles of Association of the Company to authorize Board of Directors to Capitalize Reserves of the Company.