Bayer CropScience to optimally utilize company resources

Bayer CropScience Ltd has announced that the Board of Directors at its meeting held on July 24, 2006, had approved the amendment of the Object Clause of the Company for the inclusion of seeds and such other activities to optimally utilize the Company’s resources.

The approval of the shareholders to the said amendment was obtained through the process of postal ballot, the result of which was declared on September 12, 2006.

The integration at present will be in the area of Sales and General Administration. Accordingly, the Company shall enter into an agency agreement with Proagro Seed Company Pvt Ltd (a Bayer Group Company) effective sometime in 2007.

Source : Equity Bulls

Keywords