Kopran AGM approves increase in capital

Kopran Ltd has announced that the members at the 47th Annual General Meeting (AGM) of the Company held on September 28, 2006, have approved the increase in Authorised Share Capital of the Company from the existing Rs 65,00,00,000 divided into 5,12,50,000 Equity Shares of Rs 10/- each and 1,37,50,000 Preference Shares of Rs 10/- each to Rs 70,00,00,000 divided into 5,62,50,000 Equity Shares of Rs 10/- each and 1,37,50,000 Preference Shares of Rs 10/- each by creating 50,00,000 new Equity Shares of Rs 10/- each.

Allotment of 2,26,000 Equity Shares to State Bank of India (SBI) and 4,49,550 Equity Shares to Industrial Development Bank of India Ltd (IDBI) on preferential basis pursuant to the provisions of Section 81(1A), 81(3) and other applicable provisions, if any, of the Companies Act 1956, at Rs 44.83 per Equity Share.

Source : Equity Bulls

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