Sumeet Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on May 15, 2008, inter alia, to consider the followings:
1. To consider the proportion of Right Shares to be issued U/s 81 of the Companies Act, 1956 to part finance its upcoming Expansion cum Backward Integration Project to the cost of 125.00 Crores.
2. To approve Draft Letter of Offer to filed for Proposed Right Issue of Shares.
1. To consider the proportion of Right Shares to be issued U/s 81 of the Companies Act, 1956 to part finance its upcoming Expansion cum Backward Integration Project to the cost of 125.00 Crores.
2. To approve Draft Letter of Offer to filed for Proposed Right Issue of Shares.
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