Home / Knowledge / News / Textiles / Outcome of Mudra Lifestyle EGM
Outcome of Mudra Lifestyle EGM
Jan '08
Mudra Lifestyle Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 18, 2008, inter alia, have accorded the following:
1. Authority to the Board to create, offer, issue and allot up to 30,00,000 Equity Warrants, entitling the warrant holder(s) from time to time to apply for equity share of the Company in one or more tranch(es), within an aggregate time period of 18 months from the date of allotment of the warrants, to promoters / strategic investors, whether or not they are members of the Company, on preferential placement basis, through offer letter and / or circular and / or information memorandum and / or private placement memorandum and / or such other documents / writings, in such manner and on such terms and conditions as may be determined by the Board in its absolute direction, provided that the aggregate number of resultant equity shares of the Company to be issued against such warrants shall not exceed 30,00,000 (Thirty Lakhs) fully paid equity shares of the face value of Rs 10 each at a price not less than the higher of the following:

a. The average of the weekly high and low of the closing prices of the Company's shares quoted on the stock exchange (Bombay Stock Exchange Ltd) during the six months preceding the relevant date' or

b. The average of the weekly high and low of the closing prices of the Company's shares quoted on a stock exchange (Bombay Stock Exchange Ltd) during the two weeks preceding the 'relevant date'. The 'relevant date' for this purpose being December 19, 2007, subject to necessary provisions and approval.

2. Authority to the Board to issue, offer and allot, in the course of international offerings, in one or more foreign markets, equity shares / preference shares / convertible debentures / Convertible Notes / Foreign Currency Convertible Bonds (FCCBs) / Secured Premium Notes (SPN) and / or any securities convertible into equity shares at the option of the Company and / or holder of the securities and / or securities linked to equity shares through American Depository Receipts (ADRs) and / or Global Depository Receipts (GDRs) and / or any other instruments or securities ("Securities") subscribed to in foreign currency(ies) for cash or stock swap or for other valuable consideration including strategic alliances, business

Must ReadView All

Apparel/Garments | On 28th Apr 2017

Continue existing Duty Drawback, ROSL scheme post GST: TEA

Tiruppur Exporters' Association (TEA) has made requisitions to...

Apparel/Garments | On 28th Apr 2017

Deckers Brands starts review of strategic alternatives

Deckers Brands, a global leader in designing, marketing and...

Courtesy: AAFA

Fashion | On 28th Apr 2017

Andrew Rosen, Stuart Vevers among AAFA awardees

Andrew Rosen, founder and CEO of Theory, Stuart Vevers of Coach, Nick ...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Nishank Patel
Shri Dinesh Mills Limited

Broad range of fabrics will sell well this financial year

Varinder Singh Jawanda
Trendy Bharat

Sizing and fitting issues are inherent problems for companies expanding...

Marcel Alberts

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Kevin Nelson

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Pranav Mishra

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


news category

Related Categories:
April 2017

April 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search