Corporate News     18-Feb-09
Karma Ispat to raise funds
To convene EGM
The board of Karma Ispat has approved the proposal for raising of capital upto Rs 6 crore for the expansion plan and working capital requirements of the company through preferential issue of 15,00,000 convertible warrants of Rs 38 each to Bhavna Mehta belonging to the promoter group subject to the approval of the shareholders.

The board has decided to convene extra ordinary general meeting on 16 March 2009.

This was approved at the board meeting held on 16 February 2009.

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