| Jindal Steel & Power Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on September 04, 2009, inter alia, to transact the following:
1. i) Reclassify the authorized share capital of the Company by cancellation of 1,00,00,000 (one crore) Preference Shares of Rs 100/- (Rupees one hundred only) each and simultaneous creation of fresh 100,00,00,000 (one hundred crores) Equity Shares of Re 1/- (Rupee one only) each; and
ii) Increase the authorized share capital of the Company to Rs 200,00,00,000/- (Rupees two hundred crore only) by creation of additional 80,00,00,000 (eighty crores) Equity Shares of Re. 1/- (Rupee one only) each and consequential amendment in the Memorandum & Articles of Association of the Company.
2. To capitalize a sum not exceeding Rs 77,56,51,530/- (Rupees seventy seven crores fifty six lacs fifty one thousand five hundred thirty only) out of ecurities Premium Account` as per the Audited Accounts for the financial year ended March 31,2009 and the said amount be transferred to Share Capital Account which shall be utilised for allotment of 77,56,51,530 (Seventy seven crores fifty six lacs fifty one thousand five hundred thirty) new Equity Shares of Re 1/- (Rupee one only) each as fully paid Bonus Shares to the persons who shall be the holders of the existing Equity Shares of Re 1/- each of the Company as per "Book Closure" to be fixed by the Board later, in the proportion of 5 (five) new Equity Shares for every 1 (one) existing Equity Share held by such persons.
Jindal Steel & Power Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on September 04, 2009, inter alia, have approved the following business, with requisite majority:
1. Reclassification and Increase of Authorised Share Capital of the Company.
2. Alteration of Articles of Association consequent to change in authorized share capital.
3. Issue of bonus shares.
(As Per BSE Announcement Website dated on 04.09.2009) |