Medi Caps EGM on March 07, 2013

Medi Caps Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2013, has approved the following businesses subject to further approval of members at the Extra Ordinary General Meeting :1. Pursuant to the provisions of SEBI (ICDR) 2009, and subject to the approval of members by way of special resolution at the Extra Ordinary General Meeting, the Board has approved for issuance of 93,52,467 (Ninety Three Lakhs Fifty Two Thousand Four Hundred Sixty Seven) equity shares of Rs. 10/- (Rs. Ten) each as the fully paid up bonus shares to the existing members of the Company in the proportion of 3 (Three) Equity Shares for every 1 (One) Equity Shares held by them on the record date as may be decided by the Board of Directors of the Company with the consultation of the Stock Exchange.2. Approval for increase in the Authorised Share Capital of the Company from Rs. 4.00 Crores (Rs. Four Crores) to Rs. 15.00 Crores (Rs. Fifteen Crores) by creation of 110.00 Lakhs (One Crore Ten Lakh) new Equity Shares of Rs.10/- (Rs. Ten) each.3. Approval alteration in the Memorandum and Articles of Association of the Company for increase in the Authorised share capital and inclusion of the Clause for the authority to issue bonus shares by capitalization of reserves and profits of the Company subject to the approval of members at the Extra Ordinary General Meeting.4. Approval of notice of the Extra Ordinary General Meeting to be held on March 07, 2013, at the Registered office of the Company at 11 AM, for seeking approval of the members for the above said purposes.Source : BSE

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