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| Exchange Disseminated Time | Marksans Pharma Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on December 29, 2009, to consider and approve conduct of postal ballot to seek approval of the members of the Company:
1. To sell/lease/dispose the Active Pharmaceutical Ingredient (API) plants of the Company located at Plot No. A88 & D10, Kurkumbh, MIDC, Pune, by way of an Ordinary Resolution under Section 293(1)(a) of the Companies Act, 1956, and
2. To raise capital through issue of equity shares and/or equity shares through depository receipts and/or foreign currency convertible bonds and/or any other convertible bonds/securities upto an amount not exceeding USD 125 Million by way of a Special Resolution under Section 81(1A) of the Companies Act, 1956. |
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