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| Exchange Disseminated Time | Wanbury Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 23, 2009, inter alia, has approved the following:
1. Conversion of Cash Credit Limit of Rs 5.50 Crore of Andhra Bank into Foreign Currency Loan - WCDL.
2. Conversion of Rs 9.0 Crore Working Capital Demand Loan / Cash Credit facility (WCDL) of State Bank of India into Foreign Currency Loan.
3. Draft Rehabilitation Scheme for the Merger of Pharmaceuticals Products of India Ltd with the Company.
4. Employee Stock Option Scheme for the employees of the Company.
5. Taking approval of the Shareholders of the Company for the Draft Rehabilitation Scheme for the Merger of Pharmaceuticals Products of India Ltd with the Company and for the Employee Stock Option Scheme through Postal Ballot Route. |
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