Advani Hotels Board approves Stock Split

Advani Hotels & Resorts India Ltd has announced that the Board of Directors of the Company at its meeting held on August 24, 2007, inter alia, has decided to convene the 20th Annual General Meeting of the Members of the Company on September 26, 2007.

Further, the Board of Directors has also decided to sub-divide equity shares of the Company from one equity share of Rs 10 each to five equity shares of Rs 2 each, subject to the approval of members in the forthcoming Annual General Meeting.

To alter the object clause of the Memorandum of Association subject to the approval of the shareholders.

To delist the equity shares of the Company from 'Delhi Stock Exchange Association Ltd' subject to the approval of the shareholders in the forthcoming Annual General Meeting.

Source : Equity Bulls

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