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Outcome of Board Meeting

| Updated on June 12, 2015 Published on June 12, 2015

Dhanada Corporation Ltd has informed BSE that the Board of Directors of the Company at its meeting held on June 12, 2015 inter alia, has transacted the following;

1. The Board decided to postpone the issue of Equity shares to Dhanada Holdings Private Limited, Promoter Company, on preferential basis.

2. The Board approved an issue upto 1,80,00,000 Equity shares of Re. 1/- each to Visconti Industries Inc., USA, on preferential basis, at Rs. 60/- or at a price computed under regulation 76(1) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, whichever is higher, subject to the applicable provisions of the Companies Act, 2013, SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009, Listing Agreement and the provisions of other applicable laws.

3. The Board approved draft Notice of Postal Ballot.

4. The Board appointed Mr. R. V. Pore, Practicing Company Secretary as Scrutinizer to conduct the postal ballot process in accordance with the law and in a fair and transparent manner and for scrutinizing the ballot voting and remote / electronic voting process in a fair and transparent manner.

Source : BSE - >www.bseindia.com

Published on June 12, 2015
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