Minal Engineering to reissue 2258000 forfeited shares

Minal Engineering Ltd has announced that the Board of Directors of the Company at its meeting held on May 28, 2009, inter alia, has approved the re-issue of 2258000 forfeited equity shares.

The board approved the shifting of registered office of the Company to the state of Maharashtra and approved the change in name of the Company.

The Board approved the draft notice of the extra ordinary general meeting of the Company and decided to convene the meeting on the July 08, 2009.

The board also approved the proposal of entering into partnership for entering into the jewelry manufacturing business to cater the domestic market.

The proposal to issue right shares was not approved by the Board.

Source : Equity Bulls

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