IKF Technologies preferential issue at Rs.7 per share

IKF Technologies Ltd has announced that the Board of Directors of the Company at its meeting held on August 25, 2006, inter alia, has considered and approved the following business:

1. Taken on record the general notice given by Directors under Section 299 of the Companies Act, 1956.

2. The proposal for land and decided to apply for Jatropha Plantation in Swaziland, Mozambique and South Africa.

3. The proposal for preferential issue of Shares / Convertible warrants to non promoters group @ Rs 7/- subject to the necessary provisions & approvals.

4. The installation of Refinery with an increased capacity of 1,00,000 tones per annum in Gujarat.

5. Decided that the Annual General Meeting of the Company will be held on September 28, 2006.

Source : Equity Bulls

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