Sumeet Industries Ltd has informed that the Board of Directors of the Company at its meeting held on May 15, 2008, has taken the following business:
1। The Board of Directors of the Company has decided the ratio of equity shares as One equity Shares will be offered as right shares for every one equity shares held by the shareholders of the Company say in the ratio of 1:1 on the record date. Price and Record date will be finalized by the Board of Directors at the appropriate time.
2. The Board of Directors of the Company has approved the Draft Letter of Offer for the proposed Right Issue of shares and directed to the Lead Manager to file the Draft Letter of Offer with SEBI and Stock Exchange.
1। The Board of Directors of the Company has decided the ratio of equity shares as One equity Shares will be offered as right shares for every one equity shares held by the shareholders of the Company say in the ratio of 1:1 on the record date. Price and Record date will be finalized by the Board of Directors at the appropriate time.
2. The Board of Directors of the Company has approved the Draft Letter of Offer for the proposed Right Issue of shares and directed to the Lead Manager to file the Draft Letter of Offer with SEBI and Stock Exchange.
1 comment:
New company?? Its high time to incorporate Corporate Governance. The board of directors will also Be benefited through this. TO learn more Visit Corporate Governance website. This website has 600+ resources on boards and Corporate Governance.
Post a Comment