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Outcome of Board Meeting

| Updated on August 14, 2012 Published on August 14, 2012

Gujarat NRE Coke Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 11, 2012, inter alia, transacted the following :

1. Decided to Issue of Corporate Guarantee in accordance with the provisions of Section 372A of the Companies Act, 1956 subject to the consent of the shareholders.

2. Decided to Holding a postal ballot exercise,

3. Explored the option of merger of Bharat NRE Coke Ltd., an associate Company with the Company and in this regard, authorized the Management Committee for preparing Valuation Report and appointment of Merchant Bankers for Fairness Opinion.

Source : BSE - >www.bseindia.com

Published on August 14, 2012
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