18th-Jun-2012 17:59Source: BSE

Jolly Plastic - Outcome of Board Meeting

Jolly Plastic Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 18, 2012, inter alia, has considered and approved the following :

1. Increase in the authorized share capital of the Company from Rs. 7.0 crores to Rs. 12.00 crores.

2. Issue of upto 20,00,000 Compulsory Redeemable Preference Shares of Rs. 10 each.

3. Shifting of the registered office of the Company from the state of Gujarat to the NCT of Delhi.

4. Alteration in the object clause of the Memorandum of Association of the Company.

The aforesaid decisions of the Board of Directors are subject to the approval of the members in the general meeting/ through postal ballot.