Vedavaag Systems has informed that the board of directors of the company at its meeting held on August 31, 2012, approved issue of equity shares of the company up to 31,50,000 shares of face value of Rs. 10 each against cash to promoters & non-promoters at par subject to approval of statutory authorities and shareholders.
Further, the board approved to raise the authorized capital of’ the company to Rs. 20 Crores.
The above information is a part of company's filings submitted to BSE.