Oct 12, 2008

Kinetic Motor to increase authorised capital


27 Sep 2008 | 09:39
Kinetic Motor to increase authorised capital
The members of Kinetic Motor Company has decided to increase the authorised share capital of the company from Rs 88.56 crore to Rs 93.56 crore by creation of new 5,00,000 redeemable cumulative preference shares of Rs 100 each.
The members has decided to issue 5,00,000 redeemable cumulative preference shares of face value of Rs 100 each to Kinetic Engineering on preferential basis.

This was decided at the extraordinary general meeting held on 26 September 2008.

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