|
The board of Asian Oilfield Services in its meeting on 16 December 2009 has accepted the resignation of Satya Pal Talwar as the chairman and director of the company due to his pre-occupation.
The board has approved to issue 40,50,000 number of equity shares to Samara Capital Partners Fund I Limited at a price that may be determined as per regulation 76 of SEBI (ICDR) Regulations 2009, on preferential basis subject to the approval of shareholders at the extra ordinary general meeting scheduled to be held on 19 January 2010 and other regulatory approvals.
The board has fixed 20 December 2009 as 'Relevant Date' for the purpose of aforesaid preferential issue.
The board has approved to increase the authorized capital of the company to Rs 20 crores divided into 2,00,00,000 number of shares of face value Rs 10 each.
The board has decided to convene extra ordinary general meeting of the shareholders of the company on 19 January 2010, to seek their approval for the aforesaid purposes.
|