Luminaire Technologies: Outcome of board meeting (EGM on Jan 03, 2015)

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Luminaire Technologies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 04, 2014 has approved the following Agenda:1. Appointment of Mr. Ramendra Kumar Gupta as Additional Director.2. Appointment of Mrs. Sapna Gupta (Woman Director) as Additional Director.3. The Board has approved, subject approval of Shareholders in the ensuing Extra Ordinary General Meeting, change of name of the Company from Lumnaire Technology Limited to Jagran Venture Limited as per proposal letter dt. November 13, 2014 received from ROC, Maharashtra, Mumbai.4. The Board has approved, subject approval of Shareholders in the ensuing Extra Ordinary General Meeting, the amendment of Object Clause and altering the Memorandum & Articles of Association of the Company.5. Issue of Preferential Shares including the increase in the Authorised Share Capital of the Company subject to approval Shareholders for 5 Crores Convertible Equity Warrants of Rs. 16/- each (including premium of Rs. 15/- each) on preferential basis in accordance with the provisions of Companies Act & as per SEBI (Issue of Capital & Disclosures Requirements) Regulations, 2009 and altering Memorandum & Articles of Association of the Company.6. Appointment of new Auditors in place of Auditors M/s. D. K. Chhajer & Co., Chartered Accountants, who has resigned and the same has been accepted by the Board. The new Auditors will hold office from the conclusion of this Board Meeting till Extra Ordinary General Meeting to be held on January 03, 2015.7. The Board has also discussed regarding the business activities of the Company and it was decided that the Company to place an order of approx Rs. 150 Crores for purchase and supply of high-end, latest technology Set-top-boxes in selected digital networks of India.Further, the Company proposes to set up a Studio to digitalize movies. The Company is also ready to raise biggest technology platform for digital content, security and distribution. The technology partners have already been tied up and the Board has approved..8. Next Extra Ordinary General Meeting.The Board has decided that the next Extra Ordinary General Meeting will be held on January 03, 2015 at 3 p.m., at office at 400-4th Floor, Sangeeta Ellipse, Sahakar Road, Behind Garware House, Vile Parle (E), Mumbai - 400 057, to approve the Object Clause, Change of Name Clause, Appointment of New Auditors including increasing in Authorised Share Capital and issue of 5 Crore Convertible Equity Warrants of Rs. 16/- each (including premium of Rs. 15/- each) on preferential basis in accordance with the provisions of Companies Act & as per SEBI (Issue of Capital & Disclosures Requirements) Regulations, 2009.Source : BSE

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