EPIC Enzymes preferential issue to promoters at Rs.10

EPIC Enzymes, Pharmaceuticals & Industrial Chemicals Ltd has announced that the Board of Directors of the Company at its meeting held on August 26, 2006, inter alia, has decided the following:

1. To issue, subject to the special resolution to be passed at the next Annual General Meeting, 40,00,000 Equity Shares Rs 10/- each for cash at par amounting to Rs 40/- million to Mr P K Mahajan, promoter and Chairman & Managing Director of the Company.

2. To convene Annual General Meeting of the Company on September 30, 2006.

Source : Equity Bulls

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