Saturday, February 23, 2008

Gujarat Terce - Outcome Of Board Meeting

Gujarat Terce Laboratories Ltd has informed that the Board of Directors of the Company at its meeting held on February 20, 2008, inter alia, has taken the following decisions:

1. Shri. Sunil Talati, Chartered Accountant, Ahmedabad was appointed as non-executive Independent Director. He was also appointed as a Chairman of the Board.

2. Shri. Devang Nanavati, Advocate, Ahmedabad was appointed as nonexecutive Independent Director.

3. Dr. Rupesh Mehta, Gestro Surgeon, Ahmedabad was appointed as nonexecutive Independent Director.

4. To Increase Authorized Capital of the Company from Rs 500 lac to Rs 1000 lac subject to approval of members.5. To issue 2500,000 (Twenty Five Lac Only] Equity Shares of Rs 10/ each for cash at par on preferential basis to private investors whether linked to promoters or not under authority of Section 81 (1A) of the Companies Act, 1956 & subject to SEBI Guidelines dated August 04, 1994 (including any amendment to or reenactment thereof) issued to cover preferential issues.

6. The following independent Directors resigned from the Board and the Board accepted their resignations.

Shri. Gordhanbhai G Patel

Shri. Kanubhai S Patel

7. To upgrade existing manufacturing facilities to meet WHO standards.

1 comment:

Anonymous said...

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