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| Exchange Disseminated Time | Kanani Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 18, 2007, inter alia, has decided the following:
1. Increase the Authorised Share Capital of the Company upto Rs 10.00 Crores.
2. To Issue such number of shares on preferential basis as may be approved by the members at their proposed General Meeting.
3. To Appoint Mr. Premji Kanani as Non-Executive Chairman of the Company.
4. To Appoint Mr. Harshil Kanani as Managing Director of the Company on such tem and conditions as may be approved by the members at their proposed General Meeting.
5. To appoint Mr. Vinubhai Kanani as Executive Director of the Company on such terms and conditions as may be approved by the members at their proposed General Meeting.
6. To hold Extra Ordinary General Meeting of the members of the Company on January 25, 2008, for approval of above stated matters. |
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