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Guj. Organics - Board Meeting on May 27, 2013 (Voluntary Delisting)

By Religare
|

Gujarat Organics Ltd has informed BSE that the Board of Directors of the Company has received a letter dated May 24, 2013 from Rayirth Holding and Trading Company Private Limited alongwith Geetanjali Trading and Investments Private Limited, the promoters of the Company, proposing to make a voluntary delisting offer (the "Proposed Delisting Offer") to the public shareholders of the Company in accordance with the SEBI Delisting Regulations with a view to delist the equity shares of the Company from BSE Limited and Ahmedabad Stock Exchange Limited.

The aforesaid promoters, namely Rayirth Holding and Trading Company Private Limited alongwith Geetanjali Trading and Investments Private Limited have requested the Company to expeditiously and in a manner provided in the SEBI Delisting Regulations:

(i) Convene a meeting of the Board of Directors and approve the Proposed Delisting Offer;

(ii) Take requisite steps to obtain the prior approval of the shareholders of the Company to the Proposed Delisting Offer by a special resolution passed through postal ballot; and

(iii) Take other necessary steps 1 actions as may be required under the SEBI Delisting Regulations

Pursuant to the said letter, the Company has decided to consider the Proposed Delisting Offer and matters incidental thereto in the meeting of its Board of Directors to be held on May 27, 2013.









Read more about: gujarat organics
Story first published: Friday, May 24, 2013, 23:42 [IST]
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