Murli Agro changes name as Murli Industries Ltd, approves issue of shares to warrant holders

Murli Agro Products Ltd has announced that the Board of Directors of the Company at its meeting held on December 15, 2006, has transacted the following:

1. Board approved the Allotment of shares against the Share warrant. After issue of this shares the Capital of the Company will be increased to Rs 9,64,00,000/-, the Rs 2.50 Crores will credited to the Capital Account and the Rs 24.50 Crores will credited to Share Premium Account. After this issue the Promoters holding will reduce by 19% i.e. from 74.90 to 55.35% and Public holding increased by 19% that is 25.10% to 44.65%.

2. Board discussed and noted the Status of Cement Project and Paper Expansion.

3. Board noted the Change in name from the "Murli Agro Products Ltd" to "Murli Industries Ltd" as per Certificate of Change in Name issued by the ROC vide letter dated November 27, 2006.

Source : Equity Bulls

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