Solid Granites Ltd has informed that the Board of Directors of the Company at its meeting held on November 09, 2007, to consider, in-principle, a Merger between Granitexx Stones and Mosaics Pvt Ltd (a group Company of Solid Granites Ltd, with business similar to Solid Granites Ltd) and Solid Granites Ltd. The Board has accorded in-principle consent to pursue the merger.
M/s. Dalal & Shah, Chartered Accountants, have been appointed as the independent Valuers to determine the share swap ratio, and M/s. J Sagar Associates, Advocates & Solicitors, have been appointed as Legal Advisors for the proposed Merger.
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