MUMBAI: Balaji Telefilms, in a communique to the BSE and the National Stock Exchange, intimated about its extraordinary general meeting to be held on 16 August at "The Club", 197, Juhu Versova Link Road, Opp. D. N. Nagar Police Station, Andheri (W), Mumbai- 400 053, Maharashtra. The cut-off date for determining the shareholders eligible for e-voting is 9 August, 2017..
The meeting proposes to conduct special business. Increase in authorised share capital: To consider and, if thought fit, to pass, with or without modification, the following resolution as Ordinary Resolution: “Resolved that, in accordance with Sections 4, 13 and 61 and other applicable provisions, if any, of the Companies Act, 2013 and rules made thereunder, and applicable provisions of the Articles of Association of the Company and any other applicable law or laws, rules and regulations (including any amendments thereto or re-enactment thereof for the time being in force), the authorised share capital of the Company be and is hereby increased from Rs. 260 million divided into 100 million equity shares of Rs. 2 each and 30 million Preference Shares of Rs. 2 each to Rs. 360 million divided into 150 million Equity Shares of Rs. 2 each and Rs. 60 million divided into 30 million Preference Shares of Rs. 2 each.
Issue of 25.2 million equity shares on a preferential allotment / private placement basis: To consider and if thought fit, to pass, with or without modification, the resolution as a Special Resolution: Balaji is seeking consent of the members of the company to create, issue, offer and allot 2,52,00,000 equity shares of the Company of the face value of Rs. 2/- each (“Equity Shares”) at a price of Rs. 164/- which includes a premium of Rs. 162/- per Equity Share aggregating to Rs. 4.13 billion to Reliance Industries Limited in accordance with ICDR Regulations.
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