|Marg Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on November 06, 2012.
With reference to the earlier announcement regarding convening of an Extra-ordinary General Meeting of the Shareholders of the Company on November 06, 2012 at 3.30 p.m. at the Auditorium of Exemplarr Worldwide Limited, 141, Rajiv Gandhi Salai, Kottivakkam, Chennai - 600 041 for considering following special business:
1. To Increase in Authorised Capital from Rs. 50 Crores to Rs. 70 Crores and consequently altering the Memorandum & Articles of Association of the Company;
2. To make Qualified Institutional Placement (QIP) of eligible securities upto Rs. 500 Crores by issue of equity shares and/or any securities convertible into Equity Shares, with or without warrants, in one or more tranches, to Qualified Institutional Buyers, Marg Ltd has now informed BSE that the Board of Directors of the Company in their meeting held on November 02, 2012 have decided to move these resolutions to the shareholders, through postal ballot for wider participation by the investors and hence the proposed Extra-ordinary General Meeting is cancelled.
(As per BSE Announcement Dated on 02.11.2012)|