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| Exchange Disseminated Time | Sarthak Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 05, 2011, inter alia, considered the following :
1. The Board has not recommended any dividend on Equity Shares of the Company.
2. It was decided to call the Annual General Meeting of the Company on December 30, 2011 at the Registered Office of the Company.
3. Pursuant to the scheme of Amalgamation of Gloryshine Property Developers Pvt. Ltd. with Sarthak Industries Ltd. and their respective shareholders as approved by the Hon'ble High Court, Bombay on November 16, 2011, the Board issued 140 fully paid up Equity shares of Rs. 10 each of Sarthak Industries Ltd. for every 1 fully paid up equity share of Rs. 10 each held by the equity shareholders of Gloryshine Property Developers Pvt. Ltd.
Post such Corporate Actions, the paid-up Share Capital of the Company is Rs. 6,96,88,500 divided in 69,68,850 equity shares of Rs. 10/- each fully paid up. |
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