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Alphageo (India) board to consider issue of shares
Date: 25-06-2012Alphageo (India) has informed that the board of directors of the company at its meeting held on June 25, 2012, has considered the issue of 2,50,000 equity shares and 2,50,000 convertible warrants at a price determined as per SEBI (ICDR) Regulations, 2009 to Promoters and Promoter Group on preferential basis('issue) subject to the approval of shareholders of the company at a extraordinary general meeting to be called for this purpose and decided that the extra ordinary general meeting of the shareholders of the company will be held on July 30, 2012 to seek Shareholders' approval for the above said issue.
Further, the board authorized remuneration committee to handle and administer the issue and to finalize the pricing as per SEBI (ICDR) regulations 2009.
The above information is a part of company's filings submitted to BSE.