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| Exchange Disseminated Time | Stovec Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on April 25, 2014,
was briefed by the Managing Director about the proposed acquisition. The Board sought certain clarifications with regard to the draft agreements.
Thereafter the Board decided to constitute a special committee of directors with a quorum of any two members who were empowered to finalize and conclude the negotiation of all documents related to the said acquisition. Consequently, the Board of Directors has decided to extend the closure of said Trading window until conclusion of the negotiations and execution of the said documents and 24 hours thereafter. |
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