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At meeting held on 10 November 2014
Ruby Traders & Exporters announced that the Board of Directors of the Company at its meeting held on 10 November 2014, has discussed and approved the following:1. Preferential allotment of shares upto 1,56,85,000 Equity Shares of Rs. 10/- each for cash at a price of Rs. 11/- per Equity Share.
2. Increase in Authorised Capital from Rs. 5,00,00,000/- divided into 50,00,000 Equity shares of Rs. 10/- each to Rs. 25,00,00,000/- divided into 2,50,00,000 Equity shares of Rs. 10/- each.
3. Alteration in the existing clauses V of the Memorandum of Association of the Company relating to Increase in Authorised Capital.
4. To conduct postal ballot for taking the Matters as mentioned in point 1, 2 and 3 above and the matters discussed in the board meeting held on 08 November 2014.
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