Outcome of board meeting of Chpl Industries

Held on 18 January 2017

Chpl Industries announced that the Board of Directors of the Company at its meeting held on 18 January 2017, have decided the following -

To issue and allot 40,00,000 Equity Shares of Rs.10/- each at a price to be determined in accordance with the pricing formula prescribed under Chapter VII-Preferential issue of SEBI [ICDR] Regulations 2009 for cash to the person belonging to the Promoter and/or Non promoter Category, subject to the approval of Members by way of Postal Ballot;

To alter the main objects of the Company and amend the Memorandum of Association accordingly for change in its main object i.e. the business of undertake development of infrastructure work on build, operate and transfer basis as contracted form the Central Government, various State Governments, Union Territories, cantonments, local authorities, gram panchayats, autonomous bodies, and other Government departments and to develop, construct, run repair, maintain, decorate, improve, remodel, build, operate and manage roads, bridges, highways, railways, waterways, gas lines, airports, docks, ports, jetties, gardens, public places, buildings, and other structures, developments, utilities etc. and to operate and transfer the same to the Government as per agreement and to do all other acts and things as may be necessary from time to time & the business of builders, real estate-developers, contractors, sub-contractors, dealers and by advancing money to and enter into contracts and arrangements of all kinds with builders, tenants, occupiers and others, land development, service apartments ,serviced plots, constructions of residential and commercial premises including business centers and offices, securing lands, private or Government for formation and development of town ships, and to deal in and act as agents for lands, buildings, factories, houses, flats and other residential and commercial plots, and construct/maintain and alter residential, commercial, industrial plots and properties and sale or lease them out by providing with all modern amenities and development thereof and securing capital, funds and raising loans for construction and advancing to other organizations for similar purposes.

 

Considered and approved the Notice of Postal Ballot for Shifting of Registered office of the Company from the State of Telangana to the State of Gujarat

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