Banswara Syntex Board to call for final allotment amount due

Banswara Syntex Ltd has announced that the Board of Directors of the Company at its meeting held on December 28, 2006 has approved to send final notice to the partly paid-up shareholders of Public Issue and Rights Issue of 1995, calling them to pay due allotment amount along with interest, falling which their shares will be liable to be forfeited.

Further the Board of Directors of the Company has authorized severally Shri. R L Toshniwal, Chairman & Managing Director, Shri. Ravi Toshniwal, Joint Managing Director and Shri. J K Jain, Sr. Vice President (F&C) & Company Secretary to take all such steps as may be required and expedient for the purpose of calling the due allotment money and forfeiture of shares.

Source : Equity Bulls

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