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| Exchange Disseminated Time 28/05/2016 18:01:40 | Samtex Fashions Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2016, inter alia, have considered, approved and taken on record the following:
1. No Dividend have been recommended for the year under review.
2. Appointment of Mr. Nishant Chandra, as an Additional Director, who shall hold office upto the date of ensuing Annual General Meeting.
3. To take note of External rating assigned to the Company by CARE Ratings.
4. Board Decided to stop the production activity at company’s unit at NSEZ, Noida, and to make disclosures updating material developments on regular basis to Stock Exchange(s) with respect to the above decision.
5. To alter the Object Clause by inserting other business activities, in Memorandum of Association of the Company, the Proposed Mustard Plant Report is placed before the Board.
6. To diversify the business activities and to setup a Mustard Plant. |
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