Shree Rajeshwar Paper

BSE Announcements on Shree Rajesh Pa

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Shree Rajeshwaranand Paper Mills Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 07, 2008 for allotment of 50,00,000 Equity Shares to the Non Promoters on preferential basis....

BSE Announcements on Shree Rajesh Pa

Posted by : MMB Messenger
Price when posted : [Shree Rajesh Pa - BSE:Rs. NSE:Rs. when posted]

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Shree Rajeshwaranand Paper Mills Ltd has informed BSE that the members of the Company, by way of postal ballot, have approved the special resolutions as under:

1. Under the relevant provisions of the Companies Act, 1956 and as per the requirements of Regulation 12 and other regulations, if any, of Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulation, 1997 for the purpose of Change of part of the Control of Management of M/s. Shree Rajeshwaranand Paper Mills Ltd (SRPML) on November 27, 2006 when Mr. Prakash R Vora became Managing Director of the Company and full Control of Management of the Company on June 19, 2008 when Mr. Yogesh R Trivedi, Managing Director of the Company and Mr. Raman R Trivedi, Director resigned from the Board of Directors of the Company and Mr. Prakash R Vora, Managing Director and Mr. Udayan D Velvan took full Control over the Management of the Company.

2. under Section 94, 31 and all other relevant provisions of the Companies Act, 1956 for the purpose of increase in the Authorised Share Capital of the Company from Rs 10 Crores to Rs 13 Crores and subsequent alteration to the Memorandum and Articles of Association.

3. Under Section 81(1A) and all other relevant provisions of the Companies Act, 1956 for the purpose of issue of 50,00,000 Equity Shares to Non Promoters on Preferential basis for cash at par or at the price which is in accordance with the SEBI guidelines for preferential issues, whichever is higher.

Further the Company noted that, the Company Law Board, Western Region, Mumbai, have directed the Company to keep the implementation of the Resolutions in abeyance till the disposal of the Petition....