Corporate News     17-Feb-10
Prajay Engineers Syndicate appoints director
To convene EGM
The board of Prajay Engineers Syndicate in its meeting on 17 February 2010 has appointed M. Raja Gola Reddy as non-executive director of the company in place of Kartik Vijay Punjabi.

The board has decided to increase the authorised capital of the company to Rs. 250 crore.

The board has approved to issue GDRs / FCCBs / QIP for an aggregate amount of US $ 150 million.

The board has approved to increase the borrowing powers of the company upto Rs. 1000 crore.

Further, the board has decided to convene extraordinary general meeting on 15 March 2010.

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