At meeting held on 16 April 2015
Fineotex Chemical announced that the Board of Directors of the Company at its Meeting held on 16 April 2015, inter alia, have:1. Approved the sub-division of 1 (One) Equity Shares of the Company having face value of Rs. 10/- each into 5 (Five) Equity shares of face value of Rs. 2/- each and consequential alteration in the relevant clauses relating to Memorandum of Association of the Company.
2. Approved the notice of postal ballot dated 16 April 2015.
3. Approved the appointment of Hemant Shetye, Partner HS Associates, Practicising Company Secretary as Scrutinizer for the purpose of Postal Ballot.
4. Constituted a "Sub-division Committee" compromising of Surendrakumar Tibrewala and Sanjay Tibrewala. The aforesaid Committee is authorized to finalize the record date for the purpose of subdivision of shares and to take all necessary, expedient and incidental actions thereto required for executing the activities relating to the Sub-division of Equity Shares.
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