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Brushman India to increase authorised capital

The members of Brushman India have decided to increase the authorised share capital from Rs 25,00,00,000 divided into 25000000 equity shares of Rs 10 each to Rs 50,00,00,000 divided into 50000000 equity shares of Rs 10 each.

The members have decided to issue, offer and allot FCCBs, equity shares, prefernce shares, convertibel bonds, however the amount to be raised through issue of securities shall not exceed US$ 10 million.

This was decided at the extraordinary general meeting held on 19 November 2009.

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