Hulta Pharmaceutical changes name to Epsom Properties Ltd, to issue shares to promoter

Hulta Pharmaceutical Export Ltd has announced that the Board of Directors of the Company at its meeting held on January 31, 2007 has decided to convene the Extraordinary General Meeting of the Company on March 20, 2007 and close the Register of Members and Share Transfer Books of the Company from to obtain the approval of the Shareholders by way of Special Resolution pursuant to SEBI Guidelines and Section 81(1A) of the Companies Act, 1956 for conversion of unsecured loan of Rs 46,94,789 brought in by Dr. Mohan Swami, Director as per the Audited Balance Sheet as at March 31, 2006 into equity and offering / issuing of 4,69,479 equity shares of Rs 10/- each on preferential basis, from and out of the Authorized Share capital of the Company.

Further the Company has informed that, the Board was also of unanimous consent that pursuant to Section 192A of the Companies Act, 1956 read with the Companies (Passing of resolution by Postal Ballot) Rules, 2001, the following Special Resolution be passed by postal ballot.

"The name of the Company be changed from "HULTA PHARMACEUTICAL EXPROT LTD" to "EPSOM PROPERTIES LTD" and consequential amendments in the Memorandum and Articles of Association of the Company."

Source : Equity Bulls

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