Sunitee Chemicals Ltd has informed that the Board of Directors of the Company at its meeting held on February 15, 2008, has considered and approved the following businesses :
1. The Committee appointed by the Board at its meeting held on August 27, 2007 to give its report on the proposal of venturing into the field of Biotechnology and Energy and Infrastructure field had submitted its report on various options available and after considering the same, the Board authorized Mr. Dilip Bhamawat, Managing Director of the Company to enter into memorandum of understanding / arrangement for and on behalf of the Company.
2. On the Subject of raising of funds through preferential issue for the purpose, the Board decided to defer the decision till Mr. Bhamawat finalises the available options and secures MoUs with prospective persons and the funding requirements.
1. The Committee appointed by the Board at its meeting held on August 27, 2007 to give its report on the proposal of venturing into the field of Biotechnology and Energy and Infrastructure field had submitted its report on various options available and after considering the same, the Board authorized Mr. Dilip Bhamawat, Managing Director of the Company to enter into memorandum of understanding / arrangement for and on behalf of the Company.
2. On the Subject of raising of funds through preferential issue for the purpose, the Board decided to defer the decision till Mr. Bhamawat finalises the available options and secures MoUs with prospective persons and the funding requirements.
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