The board of Gujarat Foils in its meeting on 12 March 2010 has approved to increase the authorised capital of the company from Rs. 90 crore to Rs. 150 crore.
The board has approved the issue and allotment of shares of the company on preferential basis to promoters / promoters group and other investors.
Further, the board has decided to convene extraordinary general meeting on 10 April 2010.
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