Pacific Cotspin AGM approves preferential issue to promoters

Pacific Cotspin Ltd has announced that the members at the Annual General Meeting (AGM) of the Company held on September 23, 2006, inter alia, have given their consent to the Board to offer/issue/allot on preferential basis to the promoters, as per details hereunder 15,00,000 Equity Shares of Rs 10/- at a price of Rs 10/- per share which is calculated in accordance with SEBI (Disclosure and Investor Protection) guidelines 2000 for preferential issue:

Name of the Allottee: Ashok Mehra

No. of Shares: 7,50,000

Name of the Allottee: Chandra Prakash Mehra

No. of Shares: 7,50,000

Source : Equity Bulls

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