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Outcome of Board Meeting

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

Century 21st Portfolio Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 13, 2012 has resolved to strengthen the Company by following the mode of inorganic growth as well as inviting persons with expertise and experience in the specialised field for making better contribution for the growth and development of the Company. In this process the Company has identified one Company by name M/s. Jay Ambe Gowri Chem Limited for the purpose of acquisition through merger. M/s. M. M. Reddy & Co., Chartered Accountants, Hyderabad was approached to conduct a detailed study and to make out a valuation report for the purpose of merger.

M/s. Jay Ambe Gowri Chem Limited is located in the state of Andhra Pradesh and is engaged in the business of chemicals and allied activities.

The Managing Director of the Company is authorised to take all necessary steps as may be required for giving effect to the decision on merger.

Source : BSE - www.bseindia.com

Published on January 16, 2012
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