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Hyderabad, March 29

THE Board for Industrial and Financial Reconstruction (BIFR) has sanctioned a rehabilitation scheme for S.S. Organics Ltd.

In a communiqué to stock exchanges, the company said its board met on Monday and noted the approval of rehabilitation scheme dated February 1. Accordingly, the board considered and approved a proposal to increase its authorised share capital from Rs 8 crore to Rs 10.5 crore.

The board also approved a resolution to allot 1.5-lakh equity shares of Rs 10 each to the Industrial Development Bank of India towards conversion of interest due to the IDBI.

(This article was published in the Business Line print edition dated March 30, 2005)
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