Outcome of home textiles maker Anjani Synthetics EGM

04 Dec '07

2 min read

Anjani Synthetics Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on November 29, 2007, inter alia, have passed the following business:
1. Approval of Increase of Authorised Share Capital of the Company from Rs 600 Lacs to Rs 1500 lacs.

2. Approval for issue of Bonus Shares in proportion of 1:1.

Further, a sum of Rs 5,40,05,000/- out of the Company's General Reserve amounting to Rs 10,38,38,785/- as on March 31, 2007 forming part of undistributed profit of the Company be capitalized and that the said sum so capitalized be applied in paying up in full at par 54,00,500 new equity shares of Rs 10/- each ("Bonus Shares") aggregating Rs 5,40,05,000/- (Rupees Five Crores Fourty Lacs Five Thousand Only) in the share capital of the Company to be allotted and distributed as fully paid up Bonus Shares to and amongst the members who are on Register of Members of the Company as the holders of equity shares in the Company on such date as may hereinafter be determined by the Board of Directors of the Company ('the Board') in the proportion of 1 bonus share for every 1 equity share held by such members respectively on that date on the footing that they become entitled to the bonus shares as capital and not as income, subject to necessary provisions & approvals.

3. Approval of appointment of Mr. Vasudav Agarwal as Managing Director of the Company.

Anjani Synthetics Ltd

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