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| Exchange Disseminated Time | Wanbury Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have approved the following resolutions, with requisite majority:
1. Rehabilitation cum Merger Scheme of the Pharmaceutical Products of India Ltd. with Wanbury Ltd. u/s 18 of Sick Industrial Companies (Special Provisions) Act, 1985 and other applicable provisions, if any and subject to the sanction of the Hon'ble Board for Industrial and Financial Reconstruction (BIFR).
2. Allotment of Equity Shares, Warrants and Optionally Fully Convertible Debentures pursuant to Rehabilitation cum Merger Scheme of the Pharmaceutical Products of India Ltd. with Wanbury Ltd. and pursuant to the provision of Section 81(1A) of the Companies Act, 1956.
3. Employee Stock Option Schemes for the employees of Wanbury Ltd. pursuant to the provision of Section 81(1A) of Companies Act, 1956.
4. Employee Stock Option Schemes for the employees of the Subsidiary of Wanbury Ltd. pursuant to the provision of Section 81(1A) of Companies Act, 1956. (For more details kindly refer Corporate Announcement on www.bseindia.com) |
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