Mold Tek Technologies to amalgamate Teck-Men Tools Pvt Ltd

Mold Tek Technologies Ltd has announced that a meeting of the Board of Directors of the Company will be held on August 27, 2007, inter alia, to transact the following:

1. To discuss, take on record, and adopt, with or without changes, the proposed scheme of amalgamation of M/s. Teck-Men Tools Pvt Ltd., with the Company, as prepared by the consultants appointed for this task.

2. To discuss, take on record, and adopt, with or without changes the scheme of proposed demerger of the plastics division of the Company into a separate listed entity (retaining the KPO operations in the existing Company) as prepared by the said consultants.

3. To fix and finalize the date and place for the coming AGM.

Source : Equity Bulls

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