Dhampure Specialty increases authorised capital, enter into real estate business

Dhampure Specialty Sugars Ltd has announced that the Board of Directors of the Company at its meeting held on January 18, 2007 has approved the following:

1. Increase in the Authorised Capital of the Company from 7,50,00,000/- to 15,00,00,000/- Equity Shares of Rs 10/- each.

2. To issue of 9,00,000 equity Shares on preferential basis to Corporate Bodies, Individuals and Directors at Rs 40/- per share (Equity Shares of Face value of Rs 10/- each at a premium of Rs 30/-).

3. The company can enter into the real estate business i.e. land acquisition, development of residential and commercial properties for sale and leasing, developing, I.T. parks and other Integrated townships. This business activity should be including in main object of the Company.

4. The issue of 35500 Sweat equity shares to the Managing Director and employees of the company.

5. Decided that the Extra-Ordinary General Meeting of members of the Company will be held on February 17, 2007 to get the approval of the aforesaid issues.

Source : Equity Bulls

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