Electrotherm India Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 11, 2007, have approved the following:
1. To raise funds by issue of FCCBs or ADRs or GDRs or any other means not exceeding Rs 150 Crores.
2. Alteration of Articles of Association of the Company.
3. Alteration of Articles of Association of the Company for increase in number of directors from twelve to sixteen.