30th-Sep-2011 17:02Source: BSE

Rujul Finance - Outcome of Board Meeting

RFL International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 29, 2011, inter alia, has approved the following;

1. Board has approved the allotment of 80,00,000 equity shares to non-promoter subject to approval of members of the Company and in principle approval from Stock Exchange.

2. Board has approved to increase authorized capital from Rs. 5,50,00,000 to Rs. 13,50,00,000 subject to approval of members of the Company.

3. The Board has approved draft notice of extra ordinary general meeting to be held on October 28, 2011 for passing the above mentioned resolution.