Suashish Diamonds - Outcome Of Board Meeting

Suashish Diamonds Ltd has informed that the Board of Directors of the Company at its meeting held on July 16, 2007, inter alia, has transacted the following matters :1. Approval of Notice, draft two Special Resolutions under Section 17 (Insertion of new clause under Other Objects in the Memorandum of Association) and Section 149(2A) (Commencement of business activity in Object Clause under Other Objects) of the Companies Act, 1956 and Explanatory Statement to be sent to Members for passing of resolution by Postal Ballots as required under the provisions of Section 192A of the Companies Act, 1956.2. Appointment of Mr. Prashant Diwan, Practicing Company Secretary, as Scrutinizer for conducting the Postal Ballot in a fair and transparent manner.3. Authorisation to any one of the following: Mr. Ashish R Goenka, Managing Director, Mr. Pawan Bagla, Executive Director and Mr. Rajeshkumar R Kedia, Wholetime Director and Mr. Chandrachud D Paliwal, Company Secretary and Legal Incharge for conducting the Postal Ballot Process.