maverick
06-12-2007, 06:46 AM
Electrosteel Castings Ltd has informed BSE that an Ordinary General Meeting (OGM) of the members of the Company will be held on December 15, 2007, to offer for subscription and allot up to 20,30,000 equity shares of Re 1/- each and upto 87,00,000 convertible warrants on a preferential basis to PGS Invest Ltd with an option to the holder of such warrant to apply for and be allotted one equity share of Re 1/- each of the Company for cash at a price of not less than Rs 68/- per share to such extent and on such other terms and conditions as may be decided by the Board in accordance with SEBI (Disclosure and Investor Protection) Guidelines 2000, as amended, ('the Guidelines') , subject to necessary provisions & approvals.