Insul Electronics to issue shares on preferential basis

Insul Electronics Ltd has announced that the Board of Directors of the Company at its meeting held on October 27, 2006, inter alia, has approved the following:

1. To issue 25,00,000 convertible warrants on preferential basis to Promoters, directors, other members and / or investors.

2. To call an Extra-Ordinary General Meeting of the Company on November 29, 2006.

3. To increase the Authorised Share Capital of the Company from existing Rs 3,25,00,000 to Rs 6,00,00,000.

Source : Equity Bulls

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