Pondy Oxides Updates on Outcome of EGM

Pondy Oxides & Chemicals Ltd has announced that the members at the Extra Ordinary General Meeting (EGM) of the Company held on December 28, 2006 have also accorded to the following:

1. Authority to the Board for listing of shares of the company in National Stock Exchange Ltd, (NSE) in addition to the listing, the company already had with other stock exchanges, subject to necessary provisions and approvals.

2. Alteration in Clause V of the Memorandum of Association of the Company by deleting the existing Clause V and inserting the following Clause V;

"The share capital of the company is 11,50,00,000 divided into 1,15,00,000/- equity shares of Rs 10/- each with power to increase or reduce the shareholder and to alter, convert, classify, reclassify, divide or subdivide and consolidate the same with power to attach thereto such rights as preferential or otherwise as may be determined from time to time."

Source : Equity Bulls

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