Thursday, November 27, 2008

Beeyu Overseas Ltd Has Informed The Board - Nov 27, 2008

Beeyu Overseas Ltd has informed that the Board of Directors of the Company at its meeting held on October 30, 2008, inter alia, has transacted the following:

1. To sell, lease or otherwise dispose of at such consideration and on such terms and conditions in the best interest of the Company and with effect from such date as the Board may in its absolute discretion deem fit and proper, the Tea Factory including land of approximately 6.95 acres at Ooty Rural Village, Doddabetta Panchayat, Nilgiris District, Tamil Nadu along with all fixed assets such as plant, machinery, estate and development, etc. which are directly or indirectly required to run the factory.

2. To sell, lease or otherwise dispose of at such consideration and on such terms and conditions in the best interest of the Company and with effect from such date as the Board may in its absolute discretion deem fit and proper, the Corporate Office Building of the Company situated at Beeyu House, 64A, Ballygunge Circular Road, Kolkata 700 019.

3. Mr. Shyamal Bhattacharjee, Practicing Company Secretary Kollcata 700 033 is appointed as Scrutinizer to conduct, supervise and control the exercise of Postal Ballot Voting Process in fair and transparent manner.

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