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| Exchange Disseminated Time | Sumeet Industries Ltd has informed BSE that in the meeting of the Board of Directors of the Company held on November 15, 2011, the following business has been taken on place.
- Sumeet industries Limited vide shareholders resolution dated September 26, 2011 had approved the allotment of 50,00,000 Equity Warrants to the Promoters and Promoter group of the company on. preferential basis for the purpose of meeting the funds requirement interalia for expansion plans.
However, at the meeting of the Board of Directors of the Company held on November 15, 2011, it has been decided to defer the allotment of equity warrants to Promoter and Promoter Group on preferential basis until further notice. |
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