ANG Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 01, 2011, interalia, has discussed and approved the following matter:
1. To enter into Joint Venture or transfer, lease, sell, of the Plant and Machinery and Axle business of unit 7 i.e. 19, Udyog Vihar, Greater Noida, subject to the approval of the Shareholders of the Company under Section 293(1) (a) of the Companies Act, 1956.
2. To seek approval of the shareholders under Section 293(1) (a) of the Companies Act, 1956 through Postal Ballot process and approved the Notice of the Postal Ballot under Section 192A of the Companies Act, 1956.
Sensex
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Tuesday, March 01, 2011
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