Swagruha Infrastructure drafts outcome of board meeting

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Capital Market
Last Updated : Feb 07 2014 | 11:55 PM IST

On 05 February 2014

Swagruha Infrastructure announced that its directors in board meeting held on 05 February 2014 have decided to issue upto 50,00,000 convertible equity warrants on preferential basis as per the applicable provisions of the Companies Act, to increase the authorized share capital of the company to accommodate the said issue, subject to the consent of members; to alter the Capital Clause of the Memorandum of Association of the company to give effect to said increase in authorized share capital of the company, to alter the Article 5 of the Articles of Association of the company and appoint Shaikh Babu Sahebe as the member on the board of the company as an additional director, executive.

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First Published: Feb 07 2014 | 12:02 PM IST

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