Hacked by islam_Bey imhatimi.org

Hitech Plast Ltd has informed BSE that:

1. The Members of Clear Plastics Ltd, a wholly owned subsidiary of the Company, at its Extraordinary General Meeting held on March 26, 2008, have passed the Resolution for issue and allotment of 6,64,000 Equity Shares of Rs 10/- each to Geetanjali Trading and Investments Pvt Ltd on private placement basis.

2. Pursuant to the Resolution passed by the Members of the Clear Plastics Ltd in its Extraordinary General Meeting held on March 26, 2008, the Board of Directors at its Meeting held on March 29, 2008 issued and allotted 6,64,000 Equity Shares of Rs 10/- each to Geetanjali Trading and Investments Pvt Ltd.

Consequently the shareholding of the Company in Clear Plastics Ltd stands reduced from
earlier 100% to 60%. Accordingly it ceased to be a wholly-owned subsidiary of the Company.

Tags: Hitech Plast

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