| Avance Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 05, 2011, has considered and approved the following business matters:
1. To raise funds to the tune of Rs. 30 Crores by offering, issuing and allotting, convertible warrants on Preferential Basis, subject to the consent of members of the Company.
2. Increase in Authorized Share Capital of the Company from Rs. 65 Crores (Rupees Sixty Five Crores only) to Rs. 100 Crores (Rupees Hundred Crores only) in order to accommodate the said Preferential Issue, subject to the approval granted by the Members.
3. Alteration of the Capital Clause of Memorandum of Association of the Company in order to give effect to the said Preferential Issue, subject to Members Approval.
4. Alteration of Article 2 of the Articles of Association of the Company which reflects the Capital of the Company, in order to portray the said Preferential Issue, subject to Members approval.
5. Notice of the Extra-Ordinary General Meeting of the Members which is scheduled to be convened on April 04, 2011, in order to accord their consent to the above stated matters.
Avance Technologies Ltd has informed BSE that has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on April 04, 2011, inter alia, have discussed and passed the following agenda, with requisite majority :
1. Increase in the Authorized Share Capital of the Company from the present Rs. 65 Crores (Rupees Sixty Five Crores) to Rs. 100 (Rupees Hundred Crores) and thereby altering the existing Clause V of the Memorandum of Association of the Company in order to reflect the said increase.
2. Substitution of Clause 2 of the Articles of Association of the Company with a new Clause, such that it is read in accordance with the Clause V of Memorandum of Association of the Company.
3. Issue of 30,00,00,000 (Thirty Crores) Convertible Equity Warrants on Preferential Basis, to the Allottees whose names reflect in the notice of the meeting convened.
(As Per BSE Announcement Website dated on 05.04.2011) |
| Avance Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 15, 2009, inter alia, approved the following:
1. Issue of Convertible Equity Warrants on Preferential Basis, to the allottees subject to member`s approval.
2 .To increase the Authorised Share Capital of the Company from 25 Crores to 65 Crores.
3. Declared the date of EOGM which will be held on January 12, 2010 to take necessary approval from the members for the above mentioned business.
Avance Technologies Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 12, 2010, have approved the following:
1. Issue of Convertible Equity Warrants on Preferential Basis.
2. Increased the Authorised Share Capital of the Company.
(As Per BSE Announcement Website dated on 13.01.2010) |