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Platinum Corporation appoints additional directors

The board of Platinum Corporation in its meeting on 30 April 2011 has appointed Gokul M Patel and Mayank D Shah as additional directors of the company.

The board has approved the resignation of Deenkar B Shrimalik, director of the company.

The board has decided to increase the authorised share capital of the company from the existing authorised share capital of Rs 68 crore to Rs 78 crore.

The board has decided to raise funds by offering, issuing and allotting equity shares on right basis in ratio of 1:4 at the face value of equity shares of the company, subject to the consent of members.

Further, the board has approved to raise funds to the tune of Rs 10 crore by offering issuing and allotting 10 crore convertible warrants on preferential basis to promoters and others.

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