Brief: Mahabir Metallex to take over housing project at Ghaziabad from SVP Builders (India) Ltd

Ganesha Ecoverse

13/06/2016 12:45

June 13 (Reuters) - Mahabir Metallex Ltd  MHAB.BO : 
 * Board has decided to take over housing project named "Gulmohur Vatika" 
   situated at Ghaziabad from SVP Builders (India) Limited 
 
 * Source text: Mahabir Metallex Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 13, 2016, inter alia, has taken the following decisions: 
 
1. The board has decided to take over the Housing Project of approximately 2 million sq.ft named as "Gulmohur Vatika" situated at NH-24, Wave City, Ghaziabad from SVP Builders (India) Limited who have entered into an agreement with M/s. Uppal Chadha Hi-Tech Developers Private Limited, subject to the approval of the shareholders. 
 
2. To increase the authorized share capital of the Company from Rs. 10,50,00,000 ( Rupees Ten Crores Fifty Lacs Only) to Rs. 25,00,00,000 (Rupees Twenty Five Crores Only) divided in to 1,50,00,000 Equity shares of Rs 10 each and 1,00,00,000 Preference shares of Rs 10 each subject to the approval of the shareholders. 
 
3. To file INC-1 with the ROC for seeking again availability of the name 'SVP Housing Limited', (as the sixty days time period for the earlier availability of name has been expired ) 
 
4. To call an EGM of the Company on July 12, 2016 at the Registered Office of the Company A-3, NDSE, Part-1, New Delhi at 2.30 p.m. to discuss the matters as set out in the Points (1) & (2) above. 
 
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