Ritesh Industries to increase authorized share capital

Ritesh Industries Ltd has announced that Board of Directors of the Company at its meeting held on September 22, 2006 has taken the following decision:

1. Increase the authorized share capital of the Company from Rs 699 Lacs to Rs 2500 lacs subject to approval of shareholders in EGM.

2. Convene the Extra Ordinary General Meeting (EGM) to get requisite approval.

Source : Equity Bulls

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