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 25th Jun 2017

Half of 7,000 new apparel online each day target women

Adobe has released its first Digital Price Index for apparels,...

Textiles | On 25th Jun 2017

First Insight, Chico's FAS enter partnership

First Insight, a technology company transforming how retailers make...

Apparel/Garments | On 25th Jun 2017

Expand changing use of social and web resources

With over 400 million impressions to date and web traffic of over two ...

Interviews View All

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Abhishek Ganguly
Puma India

‘As a brand, Puma is always looking for new and innovative ways to inspire ...

Saket Garg
Garg Corporation

The biggest challenge is lack of skilled workforce and competition from...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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:
June 2017

June 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