This Article is From Nov 23, 2011

Ind-Swift Laboratories Ltd - Outcome of Board Meeting

Ind-Swift Laboratories Ltd - Outcome of Board Meeting
Ind-Swift Laboratories Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 25, 2010 have approved the preferential issue of 80,00,000 Zero Coupon convertible warrants (2010 series) into equity shares of Rs. 10/- each pursuant to SEBI (Issue of Capital and Disclosure of Requirements) Regulation. 2009 guidelines (ICDR). As per the said Guidelines, Company has to allot the warrants within a period of 15 days from the date of passing of resolution in Annual General Meeting.<p><p>Further the Company has informed that the company has fixed the date of forthcoming Annual General Meeting on September 22, 2010.