Pix Transmissions has agreed to the reclassification and division of authorised share capital from Rs 15 crore into 10.50 crore equity shares of Rs 10 each and 4.50 crore cumulative redeemable preference shares of Rs 100 each & consequential amendment in Memorandum & Articles of Association.

The members have authorised the Board to allot redeemable cumulative preference shares of Rs 100 each of an aggregate nominal amount to the extent of 4.50 crore to be subscribed by anybody including promoters and corporates, through public issue, rights issue or private placement and as per the conditions [including the rate of dividend, amount of premium, if any, on redemption, redemption period, manner of redemption and matters incidental thereto] the Board may feel proper to enact.