Jainco Projects India has informed that the board of directors of the company at its meeting held on September 03, 2012, have recommended the share holder for the increase in authorized capital of the company and for the preferential Issue of equity shares and thereby increasing the paid up capital of the company.
Further, the board recommended the share holders for appointment of managing director, as the paid-up capital of the company will increase above the statutory limit of 5 crores after the preferential issue.
The above information is a part of company's filings submitted to BSE.
