MRO TEK buys back 17,55,554 shares from market

MRO TEK Ltd has announced that the Board of Directors of the Company at its meeting held on October 17, 2007, has passed the following resolutions:

- 17,55,554 fully paid-up equity shares of Rs 5 (Rupees Five) each, bought back by the Company under the scheme of Buy-Back of shares from the existing Shareholders and the Beneficial Owners of the shares of the Company, from the Open Market through the Stock Exchanges, formulated by this Company, Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998 and the relevant provisions of the Articles of Association of the Company, by a resolution passed by the Board of Directors at their meeting held on March 30, 2006, at a total expended amount of Rs 824,99,979, (against the ear-marked limit of Rs 8,25,00,000) be and is hereby noted, ratified and approved.

Source : Equity Bulls

Keywords