Mysore Cements Ltd has informed that the Board of Directors of the Company at its meeting held on February 21, 2008, inter alia, transacted the following:
The Board, in addition to going into the operation and performance of the Company, also discussed in general the conditions and prospects of the Cement industry in India, and the current and likely economic scenario. It felt that it would be desirable to look into various options to improve performance, position the Company appropriately for the future, and align it with the Group optimally.
It was desired that the Managing Director and the CFO should go into these matters and report to the Board with various options, strategies and authorised them to engage Consultants / Professionals as may be needed for this.
The Board, in addition to going into the operation and performance of the Company, also discussed in general the conditions and prospects of the Cement industry in India, and the current and likely economic scenario. It felt that it would be desirable to look into various options to improve performance, position the Company appropriately for the future, and align it with the Group optimally.
It was desired that the Managing Director and the CFO should go into these matters and report to the Board with various options, strategies and authorised them to engage Consultants / Professionals as may be needed for this.
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