Outcome of Board Meeting

Updated on: Feb 11, 2011

Speciality Papers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 08, 2011, has considered and approved the following matters: 1. Issue upto 25,00,00,000 (Twenty Five Crores) Convertible Equity Warrants on Preferential basis pursuant to Section 81(1A) of the Companies Act, 1956 to various allottees subject to Members approval. 2. Increase in Authorised Capital of the Company from Rs. 25 Crores to 275 Crores, subject to Members approval. 3. Change in the designation of Mr. Ronak Chheda from Independent Cum Non Executive Director to Executive Director of the Company. 4. Appointment of Mr. Chirag Mehta, Chartered Accountant as Statutory Auditor of the Company due to casual vacancy caused on account of resignation of old Auditor subject to Members approval. 5. To convene the Extra Ordinary General Meeting of the Company on March 08, 2011 to transact the above mentioned business matters.

Source : BSE - >www.bseindia.com

Published on February 11, 2011

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