Aegis Logistics - Outcome of Board Meeting
Aegis Logistics Ltd has informed that the Board of Directors of the Company at its meeting held on March 27, 2008, has approved the following:
1. Draft Scheme of Arrangement for amalgamation of Tapi Finvest India Pvt Ltd with the Company.
2. Allotment of 3600001 new Equity Shares to the Shareholders of Hindustan Aegis LPG Ltd, pursuant to the sanction of the Scheme of Arrangement by Hon'ble Gujarat High Court in February 2008.
3. Subject to approval by the concerned authorities to set up a new Overseas Subsidiary in Singapore to pursue business opportunities outside India in the Port Infrastructure sector and to assist in the procurement of Petroleum Products.
Further the Company has informed that, the Company is making the following management changes:
Mr. S K Hazra shall be retiring on March 31, 2008 as Managing Director of the Company, but remain with the Company as Executive President in a new role. Mr. Raj K Chandaria and Mr. Anish K Chandaria have been appointed as Joint Managing Directors.
0 comments:
Post a Comment