|
| Exchange Disseminated Time | Apollo Sindhoori Capital Investments Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 06, 2009, inter alia, has transacted the following business:
1. The Board took on record the acquisition of 3,10,24,000 fully paid up equity shares (the "Sale Shares") representing 56% of the equity share capital of the Company by Aditya Birla Nuvo Ltd ("ABNL") from Mr. Prathap C Reddy, Ms. Preetha Reddy, Ms. Shobhana Kamineini, Ms. Sangita Reddy and PCR Investments Ltd (the "Sellers"). Pursuant to the same, ABNL now holds approximately 76% of the equity share capital of the Company. The Sellers and Ms. Sucharita Reddy will cease to be classified as "promoters" of the Company.
2. The Board accepted the resignations of Mr. V J Chacko, Mrs. Suneeta Reddy, Mr. S Narayanan, Mr. Padmanabhan, Mr. P B Subramaniyan and Mr. S K Venkata Raman, and appointed Mr. Manoj Kedia, Mr. K R Sudhakar (who is also the Designated Director), Mr. Sudhir Rao, Mr. G Vijayaraghavan as additional directors. The appointment is subject to such approvals as may be required.
3. The Board approved the amendment to the Articles of Association of the Company in the form tabled at the meeting, subject to shareholders approval. |
|
|