News Announcement

Kalindee Rail Nirman (Engineers): Outcome of Board Meeting

Kalindee Rail Nirman (Engineers) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 21, 2013, inter alia, has approved the following :

1. Take note of the report of the scrutinizer, Mr. Bhumitra V. Dholakia, in relation to the result of the postal ballot resolution pertaining to the issuance of 41,10,400 (forty one lakh ten thousand four hundred) Shares to M/s. Texmaco Rail & Engineering Ltd on a preferential allotment basis.

2. Approval of the allotment of 41,10,400 (forty one lakh ten thousand four hundred) shares to M/s. Texmaco Rail & Engineering Ltd on a preferential allotment basis at a price of Rs. 65.13 (Rupees sixty five thirteen paise) per equity share pursuant to the postal ballot resolution passed by the shareholders of the Company.

3. Constitution of a committee of independent directors comprising of Mr. S K Khanna, Mr. M K Khanna and Mr. Shanti Narain pursuant to regulation 26(6) of SEBI (SAST) Regulations, 2011.

Ask Value Research aks value research information

No question is too small. Share your queries on personal finance, mutual funds, or stocks and let us simplify things for you.