Outcome of Board Meeting
Farmax India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 13, 2012, inter alia, has considered and duly approved the following:1. Issue of 9,00,00,000 equity shares to the promoters and non promoters on preferential basis.2. Issue of 6,00,00,000 equity shares to the Creditors (non promoters) for consideration other than cash.3. To conduct postal ballot for obtaining the consent of the shareholders for the above said purposes.