Nahar Spinning to enter into real estate business

Nahar Spinning Mills Ltd has announced that the Board of Directors of the Company at its meeting held on September 04, 2006, has decided that the Company should enter into new line of business of real estate subject to the approval of shareholders. The Company is authorised to undertake the proposed business under sub clause 12(a & b) of Clause-III-C of the object clause of the Memorandum of Association of the Company.

Further the Company has informed that, the said business of real estate shall be undertaken in the Company.

Source : Equity Bulls

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