Ritesh Industries EGM approves name change

Ritesh Industries Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on February 28, 2007, inter alia, have passed the following resolutions:

1. The name of the Company has been changed from "Ritesh Industries Ltd" to "Ritesh Properties and Industries Ltd" and accordingly the name "Ritesh Industries Ltd" wherever it occurs in the Memorandum and Articles of Association of the Company by substituted by the name "Ritesh Properties and Industries Ltd".

2. The existing clause I of the Memorandum of Association of the Company be substituted by the following:

I. The Name of the Company is Ritesh Properties and Industries Ltd.

3. The proposed merger of Ritesh Spinning Mills Ltd with the Company has been withdrawn.

4. Shareholding pattern of the Company and the identity of the proposed allottees pursuant to the resolution passed by the shareholders in EGM held on December 23, 2006 has been ratified and adopted.

Source : Equity Bulls

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