Disa Holding A/S, Denmark plans to delist Disa India Ltd

Disa India Ltd has announced that the Board of Directors of the Company at its meeting held on March 24, 2007, inter alia, has considered the communication dated March 20, 2007 from the promoter Company Disa Holding A/S, Denmark and has decided to seek consent of the shareholders to de-list the equity shares of the Company from Bombay Stock Exchange Ltd (BSE) in terms of the Securities Exchange Board of India (Delisting of Securities) Guidelines, 2003 ("Guidelines"). Disa Holding A/S intends to acquire all the remaining public shareholding of the Company in terms of the above Guidelines. Disa Holding A/S currently holds 11.70% of the paid-up equity share capital of the Company. DISA Holding AG, Switzerland ('PAC' or 'person acting in concert') holds 62.57% of the paid-up equity shares in the Company.

The above matter of the proposed delisting would be placed before the shareholders for consideration and consent at the Annual General Meeting to be held on April 18, 2007.

Source : Equity Bulls

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