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Shareholders of Umiya Tubes approve increase in authorised share capital

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At EGM held on 19 June 2017

The shareholders of Umiya Tubes in its meeting held on 19 June, 2017 at the Registered Office of the Company, has approved the following resolutions:

1. Increase the Authorised Share Capital of the Company from existing Rs. 7,50,00,000 (Rupees Seven Crores Fifty Lacs Only) to Rs. 9,00,00,000 (Rupees Nine Crores Only).

2. Issue of 2,60,000 equity shares and 8,40,000 convertible warrants to the promoters (including promoter group) on preferential basis at an issue price of Rs. 115/- per Equity Shares/Convertible Warrant. Please take note of the same.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, June 19 2017. 15:10 IST