Atlanta Ltd has informed that the Board of Directors of the Company at its meeting held on October 31, 2008, inter alia, has transacted the following business:
1. Revised remuneration payable to Mr. Rajhoo Bbarot, Managing Director, Mr. Rikiin Bbarot, Executive Director & Mr. G Radhakrishnan, Executive Director of the Company.
2. Decided to forfeit the amount of Rs 8,57,25,000/ received towards allotment of Convertible Preferential Warrants due to non exercise of conversion option by warrant holders.
1. Revised remuneration payable to Mr. Rajhoo Bbarot, Managing Director, Mr. Rikiin Bbarot, Executive Director & Mr. G Radhakrishnan, Executive Director of the Company.
2. Decided to forfeit the amount of Rs 8,57,25,000/ received towards allotment of Convertible Preferential Warrants due to non exercise of conversion option by warrant holders.
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