Anil Chemicals passes demerger scheme

Anil Chemicals & Industries Ltd has announced that the Board of Directors of the Company at its meeting held on July 30, 2006, inter alia, has transacted the following:

1. Noted the revised terms & conditions with The Standard Chartered Bank.

2. Passed Demerger Scheme through BIFR under DRS.

3. Considered the reduction of Equity Shares Capital under Draft Rehabilitation Scheme.

4. Approved Remuneration to M/s Khandelwal Jain & Co., Chartered Accountants.

Source : Equity Bulls

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