Asian Oilfield Board to consider preferential issue

Asian Oilfield Services Ltd has announced that a meeting of the Board of Directors of the Company will be held on April 28, 2007, inter alia, to consider the following:

1. Allotment of Shares / Warrants on Preferential Basis : Subject to the SEBI’s Guidelines / Regulations and subject to the approval of competent authority(ies) including the members of the Company in the General Meeting to allot the shares / warrants on Preferential basis to Promoters / PAC and Strategic Investors / Others.

2. To increase the Authorised Share Capital : To consider the increase of Authorized Share Capital of the Company, subject to the approval of the members of the Company in the General Meeting.

3. Convening of the Extra Ordinary General Meeting : After the approval of the above, by the Board of Directors of the Company, to convene the Extra Ordinary General Meeting of the Members of the Company to approve the allotment of the shares / warrants on preferential basis to Promoters / PAC and Strategic Investors / Others and to increase the Authorised Shares Capital of the Company.

4. Unaudited Quarterly Financial Results : Unaudited Quarterly Financial Results for the period ended March 31, 2007.

Source : Equity Bulls

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