Shilpa Medicare - Outcome Of Board Meeting

Shilpa Medicare Ltd has informed that the Board of Directors of the Company at its meeting held on February 07, 2007 has decided to enhance the limit of equity shareholding in the Company by FIIs upto 75% subject to the approval of shareholders of the Company by way of special resolution. Further the Company has informed that, the Board also decided to expand its operational activities and product base in line of its future plan of activities by way of expanding the existing facilities or by setting-up of new units or by way of floating Joint Venture / Subsidiary Companies or by way of acquiring existing Undertakings / Companies having manufacturing facilities in India or abroad based on the various Options available and feasibility.