Isibars EGM authorizes board to issue shares on preferential basis

Isibars Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 12, 2006, inter alia, have accorded the authority to the Board to create, offer, issue and allot 5,00,00,000 Equity Shares of the face value of Re 1/- each at such price fixed in pursuance of the SEBI (Disclosure & Investor Protection) Guidelines, 2000, as the Board may in its absolute discretion deem fit, whether or not they are members of the Company, on preferential allotment basis and in one or more tranches, subject to necessary provisions and approvals.

Source : Equity Bulls

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