Corporate Announcement
Security Code : 526871    Company : INTECCAP    
Outcome of Board Meeting 
  Exchange Disseminated Time     
Intec Capital Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 14, 2013, has considered and approved the following:

1. Infusion of capital up to Rs. 50,00,00,000/- (Fifty Crores) through issue of Equity shares and/or Compulsorily Convertible Preference Share (CCPS) to domestic/foreign institutional investors.

For CCPS, the price for the proposed preferential issue will be computed in compliance with SEBI (ICDR) Regulation 2009.The Company undertakes to recompute the price in terms of the SEBI (ICDR) Regulations, 2009, in case required.

2. To alter the Capital Clause in Memorandum and Article of Associations of the Company with respect to the issuance of such Equity Shares.

3. Approval of shareholders for issuance of Equity shares, CCPS and alteration in Memorandum and Article of Association of the Company be obtained by way of Postal Ballot process in accordance with Section 192A read with companies (Passing of Resolution by Postal Ballot) Rules, 2001.


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