Vinati Organics Ltd - Outcome of EGM

Vinati Organics Ltd - Outcome of EGM
Vinati Organics Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on January 03, 2011, inter alia, have passed the Special Resolution to issue, offer and allot, in the course of an international offering to eligible foreign investors (whether or not such investors are members of the Company) by way of private placement, foreign currency convertible bonds up to the aggregate principal amount of USD 5,000,000 ("Securities") to be subscribed in foreign currency, which at the option of the holders of the Securities to convert such Securities into the equity shares of the Company, such issue and allotment to be made in one or more tranche or tranches and/or by making one or more offers, on such terms and conditions, including but not limited to the conditions in relation to the payment of interest, conversion and redemption of the FCCBs, and prepayment, as may be decided and deemed appropriate by the Board at the time of issue or allotment, subject to necessary provisions and approvals.
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