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Outcome of Mudra Lifestyle EGM

18 Jan '08
5 min read

or a combination thereof, to Foreign Investors (whether Institutions and / or Incorporated Bodies and / or Individuals and whether or not such investors are members of the Company) through Public Issue(s), Private Placement(s), Preferential Allotment(s), which upon conversion of all Securities so issued or allotted could give rise to the issue of an amount (inclusive of such premium as may be determined) up to Rs 200 Cr and such issue and allotment to be made at such time or times, in one or more tranches, at such price or prices, on such terms and conditions including security, rate of interest and in such manner as the Board may, in its absolute discretion think fit in consultation with the Lead Manager(s) / Investment Banker(s) and / or the Underwriters, subject to guidelines of the Reserve Bank of India(RBI), Securities and Exchange Board of India(SEBI) and Ministry of Finance, and otherwise on such terms and conditions as may be decided and deemed appropriate by the Board at the time of issue or allotment, subject to necessary provisions & approvals.

3. Increase the Authorised Share Capital of the Company is Rs 40,01,00,000 (Rupees Forty Crores One Lac) divided into 4,00,10,000 (Four Crores Ten thousand only) equity shares of Rs 10 (Rupees ten) to Rs 60,01,00,000 (Rupees Sixty Crores One Lac only) divided into 6,00,10,000 (Six Crores Ten thousand) equity shares of Rs 10 (Rupees ten) each and consequential amendment in the Memorandum of Association of the Company.

4. Authority to the Board to borrow any sum or sums of money (including non fund based facilities) from time to time at their discretion, for the purpose of the business of the Company, from any one or more Banks, Financial Institutions and other persons, firms, bodies corporate, notwithstanding that the monies to be borrowed together with the monies already borrowed by the Company (apart from temporary loans obtained from the Company's Bankers in the ordinary course of business) may, at any time, not exceeding, upto a sum of Rs 500 Crores (Rupees Five hundred Crores) over and above the aggregate of the then paid up capital of the Company and its free reserves (that is to say reserves not set apart for any specific purpose) and that the Board of Directors be and is hereby empowered and authorised to arrange or fix the terms and conditions of all such monies to be borrowed from time to time as to interest, repayment, security or otherwise as they may, in their absolute discretion, think fit, subject to necessary provisions & approvals.

Mudra Lifestyle Ltd

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