Energy Development Company has informed that the Board of Directors of the Company at its meeting held on September 29, 2015, has decided and approved the increase in authorized share capital by creation of 1,50,00,000 equity shares of Rs 10 each, ranking pari passu with the existing equity shares and consequential amendment in Memorandum of Association of the Company, and issue of 2,00,00,000 equity shares of Rs 10 each at a price of Rs 22 per equity shares (including a premium of Rs 12 per equity share) on preferential basis to non-promoters / promoters / promoters group / associates of the Company. Approved and authorized the holding of Extra-ordinary General Meeting of the Company on October 24, 2015 and approved the notice convening the meeting, for obtaining shareholders consent to the increase in authorized capital, amendment in Memorandum of Association and the aforesaid issue of equity shares.
The above information is a part of company’s filings submitted to BSE.
