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| Exchange Disseminated Time | Amrutanjan Health Care Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 30, 2010, inter alia, has approved to :
1. Buy-back of its equity shares under Section 77A, 77AA and 77B of the Companies Act, 1956 through open market route (stock exchange route) pursuant to Regulation, 1998, subject to the approval of the shareholders up to the permitted under the Companies Act, 1956 and SEBI (Buy-back of Securities) Regulations, 1998.
2. Pass a special resolution by members through Postal Ballot for Buy-Back of equity shares under Section 77A, 77AA and 77B of the Companies Act, 1956 through open market route (stock exchange route) pursuant to Regulation 14(2)(a) of SEBI (Buy-back of Securities) Regulations, 1998.
3. The actual number of shares bought back would appeal upon the average price paid for the shares bought back and the actual amount deployed in the Buy-back, subject to the limits specified.
4. The Company proposes to obtain approval of the shareholders through Postal Ballot. For this purpose, the Company has appointed Mr. V Suresh, Practising Company Secretary, as a Scrutinizer for conducting Postal Ballot in a fair and transparent manner. |
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