18th-Aug-2010 13:14Source: BSE

Emmsons Intl - Outcome of Board Meeting

Emmsons International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 17, 2010, inter alia, had decided / approved the followings : 1. Since the In-Principle Approval for allotment of equity warrants on preferential basis to the Promoter Group has not received from Stock Exchange, the Board of Directors have not considered the Agenda. 2. Considered and approved the issue of upto 10,00,000 (Ten Lacs only) issue of equity Warrants convertible into equity Shares, Equity Shares or both on preferential basis at a price as determined according to Regulation 76 of chapter VII of SEBI (ICDR) Regulations, 2009, to the Persons belonging to the category other than Promoters'' Group under section 81 (1A) of the Companies Act, 1956 the Listing Agreement and the applicable SEBI Guidelines, subject to the approval of the Shareholders in their meeting.