Syschem India cancels EGM as proposal to consolidate shares kept in abeyance

Syschem India Ltd has announced that the Board of Directors of the Company has placed in abeyance the proposal for consolidation of the 10 Equity Share of Re 1/- into one Equity Share of Rs 10/- each for the time being.

Accordingly, the decision convening Extra Ordinary General Meeting of the members of the Company to be held on May 29, 2007, has been placed in abeyance for the time being and accordingly the EGM shall not be held on May 29, 2007.

Source : Equity Bulls

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