Securities Capital members approve buy-back through Postal Ballot

Securities Capital Investments India Ltd has announced that the members of the Company, by way of Postal Ballot, have approved the Special Resolution under Sections 77A, 77AA and 77B of the Companies Act, relating to authorizing the Company to purchase / buy-back such number of shares, which at a purchase price of not exceeding Rs 40/- per share shall not exceed a total consideration of Rs 2,90,69,561 amounting to 25% of the paid up capital and free reserves of the Company as at March 31, 2006, with requisite majority.

Source : Equity Bulls

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