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| Exchange Disseminated Time | Amrutanjan Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 11, 2008, inter alia, has approved the following:
1. Buy-back its equity shares under Section 77A, 77AA and 77B of the Companies Act, 1956 through open market route (stock exchange route) pursuant to Regulation 14(2)(a) of SEBI (Buy-Back of Securities) Regulations, 1998, subject to approval of the shareholders up to the permitted limits under the Companies AC, 1956 and SEBI (Buy-Back of Securities) Regulations 1998.
2. Pass a special resolution by members through Postal Ballot for deletion of the existing clause 55A of the Articles of Association of the Company and substitute in its place the new clause 55A of the Articles of Association of the Company under the heading 'Buy-back of shares or other specified securities'.
3. Pass a special resolution by members through Postal Ballot for Buy-back of equity shares under Section 77A, 77AA and 77B of the Companies Act, 1956 through open market route (stock exchange route) pursuant to Regulation 14(2)(a) of SEBI (Buy-Back of Securities) Regulations, 1998.
4. The actual number of shares bought back would depend upon the average price paid for the shares bought back and the actual amount deployed in the Buy-back, subject to the limits specified.
5. The Company proposes to obtain approval of the shareholders through Postal Ballot. For this purpose, the Company has appointed Mr. V Suresh, Practicing Company Secretary, as a scrutinizer for conducting the Postal Ballot in a fair and transparent manner. |
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