Corporate News     12-Aug-09
Jayaswal Neco Industries to increase authorised share capital
To issue equity shares
The members of Jayaswal Neco Industries have passed resolution approving the increase in authorized share capital from Rs 175 crore to Rs 300 crore by creation of new equity shares of the nominal value of Rs 125 crore.

The members have also passed resolution authorizing board of directors to issue to the members of Inertia Iron and Steel Industries , Corporate Ispat Alloys and Abhijeet Infrastructure 12,37,76,856 equity shares of Rs 10 each at par as a consideration for transfer of Assets and Liabilities pursuant to the Schemes of Arrangement, which are pending before Hon'ble High Court for sanction.

This was decided at the extra ordinary general meeting held on 08 August 2009.

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