Super Spinning Mills has scheduled an EGM on 7 July, 2006, to increase the authorised capital from the present level of Rs 5.5 crore divided into 55 lakh equity shares of Rs 10 each to Rs 10 crore divided into 100 lakh equity shares of Rs 10 each.
The company may also sub divide the increased authorised capital of Rs 10 crore divided into 100 lakh equity shares of Rs 10 each to Rs 10 crore divided into 1000 lakh equity shares of Re 1 each.
The company may also issue securities in India or International markets by way of GDRs/ADRs or other offerings of securities representing equity shares not exceeding 2 crore equity shares of Re 1 each.
The board will also consider issuing of warrants convertible to equity shares on preferential basis to promoters / promoter Group, which will involve allotment of 38.50 lakh equity shares of Re 1 each.
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