Advik Laboratories Ltd has informed that the Board of Directors of the Company at its meeting held on March 28, 2008, has studied the development in respect of Preferential Allotment and found that promoters (as per notice of EGM held on March 15, 2008) has declined to infuse money for allotment of convertible share warrants in light of current market scenario.
Therefore, the Company has postponed the process of Preferential Allotment for the time being.
Therefore, the Company has postponed the process of Preferential Allotment for the time being.
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