Sturdy Industries Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on January 12, 2011, Inter alia, has resolved the following:
1. To adopt all acts, deeds, lease agreement/arrangements done by the Directors both jointly and severally for giving effect to the resolution passed under section 293 (1) (a) of the Companies Act, 1956 on August 16, 2010 for leasing out the Company's unit at Derabassi (PUNJAB) to M/s. Hyderabad Industries Ltd.
2. To defer the allotment of 10,000,000 Convertible Warrant with an option to convert into Equity Shares to the persons belonging to Promoter's Group and as well Non-Promoters till the receipt of at least 25% of the subscription money from all the proposed allotees.
3. To issue fresh notice regarding the Board meeting to all the Directors including the Stock Exchange for the
allotment of aforesaid securities.
Sensex
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Wednesday, January 12, 2011
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