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Unimin India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 07, 2008, inter alia, has transacted the following:

1. In view of the loss the Board has not recommended any Dividend for the Year.

2. The Board noted with satisfaction that with the investment and commitment of the promoters and their Associates the Company had successfully liquidated all its loans and liabilities of the Banks and Financial Institutions.

3. The Board duly approved the Draft Rehabilitation Scheme to be submitted to the BIFR shortly.

4. Mr. H K Vyas, a prominent NRI industrialist was appointed on the Board of Directors of the Company with immediate effect.

Tags: Unimin India

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