Tatia Global Venture Ltd has informed that the Board of Directors of the Company at its meeting held on March 05, 2008, inter alia, has transacted the following:
1. The Board of Directors have allotted 55,00,000 equity shares of Rs 10/- each to the share holders of the transferee Company pursuant to scheme of arrangement as approved by the Honourable High court of Madras.
2. Mr. S P Bharat Jain and Mr. Jetender Surchander Rao, erstwhile directors of the transferee Company are being appointed as Additional Directors of the Company.
3. Mr. E Subbarayan, has been re-appointed as Managing Director of the Company for a period of five years on such terms and condition as approved by the Board of Directors.
4. The Board of Directors reviewed the general operations of the Company relating to corporate and business matter in light of recent developments.
1. The Board of Directors have allotted 55,00,000 equity shares of Rs 10/- each to the share holders of the transferee Company pursuant to scheme of arrangement as approved by the Honourable High court of Madras.
2. Mr. S P Bharat Jain and Mr. Jetender Surchander Rao, erstwhile directors of the transferee Company are being appointed as Additional Directors of the Company.
3. Mr. E Subbarayan, has been re-appointed as Managing Director of the Company for a period of five years on such terms and condition as approved by the Board of Directors.
4. The Board of Directors reviewed the general operations of the Company relating to corporate and business matter in light of recent developments.
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