The members of Gallantt Metal have accorded the board to offer, issue and allot 5000000 equity shares of the company on preferential basis to Elara India Opportunities Fund.
The members have decided to increase the authorised share capital of the company from Rs 80,00,00,000 divided into 8,00,00,000 equity shares of Rs 10 each to Rs 83,00,00,000 divided into 8,30,00,000 equity shares of Rs 10 each.
This was decided at the extraordinary general meeting held on 12 November 2008.
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