Held on 29 January 2015
Shiv-Vani Oil & Gas Exploration Services announced that the Board of Directors of the Company at its meeting held on 29 January 2015, has made the following decisions:-1. Conversion of overdue interest of lenders for the period October to December, 2014, for an amount not exceeding Rs. 75 crore, into equity shares of the Company at Rs. 15.95 per equity share (Rs 10/- + Rs 5.95) as per CDR package;
2. Convening of postal ballot for taking approval of the shareholders on the item no (a) and for change of the name of the Company from SHIV-VANI OIL & GAS EXPLORATION SERVICES to SVOGL Oil, Gas and Energy.
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