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Article: BORAX MORARJI ANNOUNCES OUTCOME OF BOARD MEETING

Article from:
The Hindustan Times
Article date:
April 16, 2007
Copyright

Report from the India Press Release brought to you by the Hindustan Times

MUMBAI, India, April 16 -- The Bombay Stock Exchange of India made the following corporate announcement:

Borax Morarji Ltd., has informed BSE that the Board of Directors of the Company at its meeting held on April 16, 2007, inter alia, has taken following decisions:

1. That subject to the approval of the Members, to be obtained by means of Postal Ballot, filing of the Draft Scheme with the Bombay Stock Exchange and subject to the confirmation by the Hon'ble High Court at Mumbai, an amount upto a maximum of Rs. 2,22,44,507 be utilized from the Securities Premium account to provide for/adjust the diminution in the value ...

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