Nagarjuna Fertilizers Outcome Of Board Meeting (12-Mar-2010)
Nagarjuna Fertilizers and Chemicals Ltd has informed that the Board of Directors of the Company at its meeting held on March 11, 2010, approved :
1. the proposal to incorporate a wholly owned subsidiary company in Mauritius under the name and style of Nagarjuna Mauritius Pvt. Ltd. or such other name as may be permitted by the Registrar of Companies, Republic of Mauritius, Mauritius.
2. to commend a proposal to the shareholders to invest in cash a sum not exceeding Euro 5 million in the equity capital of the wholly owned subsidiary company - Nagarjuna Mauritius Pvt. Ltd., Mauritius or such other name as may be approved by the Registrar of Companies, Republic of Mauritius, Mauritius, to be reinvested in Nagarjuna Spawnt GmbH, Germany, in Germany.
3. to convene the 15th Extra-ordinary General Meeting of the Company to be held on April 15, 2010, to consider the Special Business stated in the notice convening the meeting.
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