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At meeting held on 20 March 2017Stampede Capital announced that the Board of Directors of the Company at their meeting held on 20 March 2017 approved the following -
Accepted the resignation of M V Laxmi, and appointed Chukka Lakshmi Woman Director of the Company with effect from 20 March 2017.
Approved the Postal Ballot Notice for the following resolutions -
a. Issue of Convertible Share Warrants to Non-Promoter(s)/Non-Promoter Group of the Company on preferential basis;
b. Issue of Equity Shares and/or Other Securities
c. Investments in any Body Corporate including Subsidiaries
d. Increase in Authorized Share Capital
e. Amendment of Capital Clause of the MoA
f. To sell lease or otherwise dispose of the assets of the Subsidiary Company
g. Issue of ESOP Shares/Sweat Equity to the Key Managerial Persons by Stampede Tradex, Singapore
h. Authorization and approval for Conversion of Unsecured Loan of Usha Rani Meenavalli, Promoter into Equity Shares of the Company;
i. Re-classification of K. Bhaskar Reddy from Promoter to Public Group.
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