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Board Meeting on August 08, 2014

| Updated on August 01, 2014 Published on August 01, 2014

Nandan Denim Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 08, 2014, inter alia, to consider the following :

1. To consider and approve the Unaudited (Provisional) Financial Results for the 1st quarter ended June 30, 2014;

2. To consider various resource raising options including Rights Issue;

3. To consider the increase in Authorised Share Capital of the Company,

(Note: As members are aware a resolution authorising increase in Authorised Share Capital from Rs. 50 crores to Rs. 150 crores was passed by the members in the Annual General Meeting held on August 29, 2013. However, as estimated by the management, the need to increase the Authorised Share Capital to such an extent was not felt necessary and hence the management had not effected the then approved amendment. Since now the management is considering further issue of share capital on rights basis or otherwise, it is proposed to increase the Authorised Share Capital of the Company to commensurate with the business requirements.).

Source : BSE - >www.bseindia.com

Published on August 01, 2014
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