VR Logo

ECE Industries: Updates on ensuing Board Meeting on Jan 19, 2015


With reference to the letter dated January 09, 2015 regarding the Notice of Board Meeting which is scheduled to be held on January 19, 2015, about one of the agenda item proposed to be discussed at Board Meeting is ?To consider the Delisting of Equity Shares from the Stock Exchange under Clause 6 & 7 of the SEBI (Delisting of Equity Shares) Regulations. 2009?, In this regard, ECE Industries Ltd has now Clarified to BSE that pursuant to Clause 6 & 7 of the SEBI (Delisting of Equity Shares) Regulations, 2009, the Board may consider to voluntary delist the shares of the Company from any one of the recognized Stock Exchange i.e. either NSE or BSE. The shares of Company will continue to remain listed on another Stock Exchange having nation-wide trading terminals and the shareholders of the Company will continue to avail the benefits of listing without giving any exit opportunity to them.

The above clarification is issued upon observing the steep rise in the prices of shares of the Company after displaying the above referred Notice of Board Meeting on the website of the Stock Exchanges.