Board of Directors of Gee Kay Finance at its meeting held on April 07, 2009, has considered the following:
1. The Board of Directors have decided to acquire shareholding in Sigrun Realties Ltd by issuing 1 equity share of Rs 10/- each and 1 Optionally Convertible Preference Share of Rs 10/- each convertible into equal number of equity shares to shareholders of Sigrun Realties Ltd for every 25.25 equity shares held in Sigrun Realties Ltd.
2. To issue 25 Lacs warrants to Pacific Corporate Services Ltd convertible into equal number of equity shares on preferential allotment basis.
3. Increase in Authorised Share Capital of the Company.
4. Alteration of Capital Clause V of the Memorandum of Association of the company.
5. Alteration of Article 3 of Articles of Association of the Company.
6. To Change the name of the Company.
7. Approved draft Postal Ballot Notice.
1. The Board of Directors have decided to acquire shareholding in Sigrun Realties Ltd by issuing 1 equity share of Rs 10/- each and 1 Optionally Convertible Preference Share of Rs 10/- each convertible into equal number of equity shares to shareholders of Sigrun Realties Ltd for every 25.25 equity shares held in Sigrun Realties Ltd.
2. To issue 25 Lacs warrants to Pacific Corporate Services Ltd convertible into equal number of equity shares on preferential allotment basis.
3. Increase in Authorised Share Capital of the Company.
4. Alteration of Capital Clause V of the Memorandum of Association of the company.
5. Alteration of Article 3 of Articles of Association of the Company.
6. To Change the name of the Company.
7. Approved draft Postal Ballot Notice.
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