Chitika

Thursday 24 March 2011

Sec. 72 - Allotment on conversion of debentures - Board Resolution;




"RESOLVED that in accordance with the terms of issue, 50,000 13% secured convertible debentures of Rs. 100 each be and are hereby converted into 5,00,000 equity shares of Rs. 10/- each credited as fully paid-up.
RESOLVED further that the new equity Shares be issued and allotted to the debenture-holders in accordance with the allotment list tabled before the meeting and initialed by the Chairman so that each debenture-holder receives the number of equity share specified against his name in the list and the Secretary be instructed to inform the debenture-holders accordingly."

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