Banswara Syntex to approve forfeiture of partly paid shares

Banswara Syntex Ltd has announced that a meeting of the Board of Directors of the Company will be held on December 28, 2006, to consider and approve the process of forfeiture of partly paid-up equity shares of the Company in accordance with the provisions of Articles of Association of the Company and Companies Act, 1956.

The Board shall also consider acceptance of Terms and Conditions of letter of sanction for Term Loan of Rs 50.00 crores sanctioned by Export Import Bank of India, Mumbai.

Source : Equity Bulls

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