Rajesh Strips Limited

Shareholders of Rajesh Strips Limited have approved resolutions at the company's extraordinary general meeting held on December 26, 1996 to increase the authorised share capital from Rs 6 crore to Rs 13 crore and accordingly approved the amendment in the memorandum and articles of association. They also approved issue of shares up to Rs 8 crore and to mortgage the immovable properties to secure the loans sanctioned by IDBI/SBI.