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| Exchange Disseminated Time | Amrutanjan Health Care Ltd has informed BSE that the members of the Company will consider to approve by way of Postal Ballot the Ordinary Resolution relating to the transfer / sale of the Pharmaessense Chemistry Services Division of the Company engaged in the business of fine chemicals and bulk drugs intermediates with all assets and liabilities including the manufacturing facilities at Plot No.37-39, SIDCO Industrial Estate, Alathur, Kancheepuram District, Tamil Nadu - 603110 to a wholly owned subsidiary of the Company, at such consideration being not lower than the net book value of the assets of the business and with effect from such date as the Board of Directors of the Company may think fit, subject to necessary provisions & approvals.
The Board of Directors has appointed Mr. V. Suresh, Practicing Company Secretary as the Scrutinizer for conducting the Postal Ballot process in a fair and transparent manner.
The Postal Ballot form duly completed should reach the scrutinizer before the closing of working hours on or before March 19, 2011. The scrutinizer will submit his report to the Chairman or any other Director of the Company after completion of the scrutiny and the results of the postal ballot will be declared on March 23, 2011. |
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