Tuesday, February 19, 2008

Simplex Realty - Outcome Of Board Meeting

Simplex Realty Ltd has informed that the Board of Directors of the Company at its meeting held on February 18, 2008, inter alia, has resolved the following:

1. The Board decided to seek the approval of the members of the Company, to invest in / to give loan / to provide guarantee / security / upto Rs 150 Crores to M/s. Simplex Papers Ltd or to any other body corporate(s) through postal ballot process under Section 192A of the Companies Act, 1956.

2. The Board appointed Mr. Manish L Ghia as Scrutinizer for conducting Postal Ballot process in a fair and transparent manner.

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