Valecha Engineering Ltd has informed that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 11, 2008, has decided that considering the market conditions / sentiments & representation made by various share holders and allottees, the 19,00,000 warrants would not be issued to promoters and other entities as mentioned in the resolution and the resolution / issue was withdrawn with the unanimous consent of the shareholders. The same would be taken up at a more appropriate time.
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