Held on 13 June 2016
Mahabir Metallex announced that the Board of Directors of the Company at its meeting held on 13 June 2016, inter alia, has taken the following decisions:1. The board has decided to take over the Housing Project of approximately 2 million sq.ft named as Gulmohur Vatika situated at NH-24, Wave City, Ghaziabad from SVP Builders (India) who have entered into an agreement with Uppal Chadha Hi-Tech Developers, subject to the approval of the shareholders.
2. To increase the authorized share capital of the Company from Rs. 10.50 crore to Rs. 25 crore divided in to 1,50,00,000 Equity shares of Rs 10 each and 1,00,00,000 Preference shares of Rs 10 each subject to the approval of the shareholders.
3. To file INC-1 with the ROC for seeking again availability of the name 'SVP Housing', (as the sixty days time period for the earlier availability of name has been expired )
4. To call an EGM of the Company on 12 July 2016 at the Registered Office of the Company A-3, NDSE, Part-1, New Delhi at 2.30 p.m. to discuss the matters as set out in the Points (1) & (2) above.
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