Venus Power Ventures (India) has informed that the board of directors of the company at its meeting held on November 28, 2011, has approved to allot up to 3,00,00,000 equity shares to promoters and persons other than promoters by way of preferential allotment and the board of directors approved to postpone the extra ordinary general meeting, which is to be held on November 30, 2011 has been postponed to December 30, 2011 recommending the proposal of Preferential issue.
The above information is part of the company’s filing submitted to the BSE.