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The board of Systematix Corporate Services has approved to issue of 40,00,000 equity shares of Rs 10 each of the company to promoters at a price of Rs 30 per share on a preferential basis.
The board has also approved to increase authorised share capital of the company from Rs 10 crore to Rs 25 crore.
The board has also approved to issue 76,21,200 warrants convertible into equity shares on preferential basis to promoters and other strategic investor.
Further, the board has decided to convene annual general meeting on 22 September 2007.
This was approved at the board meeting held on 24 August 2007.
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