Mudra Lifestyle to set up Spandex/Elastomeric yarn project
20 Dec '07
2 min read
3. Increase in the Authorised Capital of the Company from the existing Rs 40.01 crores comprising of 4,00,10,000 Equity Shares of Rs 10/- each to Rs 60.01 crores comprising of 6,00,10,000 Equity Shares of Rs 10/- each.
4. Consequential changes in the Memorandum of Association of the Company to give effect to above initiatives.
5. An enabling Authority to the Board of Directors under Companies Act, 1956, to borrow, from time to time, funds, which with existing funds borrowed may exceed the paid-up capital and free reserves of the Company, but not exceeding Rs 500.00 crores.
6. To convene an Extra Ordinary General Meeting of the Shareholders of the Company on January 18, 2008, inter alia, to obtain the approval of the shareholder for aforesaid initiatives.