Outcome of Board Meeting

| Updated on January 16, 2012 Published on January 16, 2012

Krishna Deep Trade & Investments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 16, 2012, inter alia, has approved the following:

1. Pursuant to duly approved Scheme of Amalgamation ("the scheme") by the Honble Court of Bombay, allotment of 11,66,666 equity shares as per clause 9.1 of the scheme to the shareholders of Naxpar Lab Private Limited (First transferor Company) and allotment of 41,38,200 equity shares as per clause 9.2 of the scheme to shareholders of Parnax Lab Private Limited (Second Transferor Company).

2. New name of the Co as "Parnax Lab Limited" or any another name as may be made available by Registrar of Companies.

3. Authority to Mr. Prakash Shah, Whole-time Director or Mr. Baiju Shah, Whole-time Director, to sign on all the relevant papers pertaining to listing application for above equity shares and for making application to Register of Companies for availability of new name.

Source : BSE - www.bseindia.com

Published on January 16, 2012
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