Board of Vitan Agro Industries approves sub-division of shares

At meeting held on 01 September 2015

Vitan Agro Industries announced that the Board of Directors of the Company at its meeting held on 01 September 2015, inter alia, has considered and approved the following businesses:

1. Sub-division of Equity Shares of the Company from the Face Value of Rs. 10/- each to Rs. 1/- each, subject to the approval of the same by the Shareholder of the Company at the ensuing AGM.

2. Recommendation to the Shareholders of the Company to appoint Singara Babu Indira Kumar as the Managing Director of the Company with effect from 01 October 2015.

3. To acquire 100% of the share capital and voting rights of Amirdam Food and make it a wholly owned subsidiary of the Company, subject to the approval of the same by the Shareholders of the Company at the ensuing AGM.

4. To acquire 100% of the share capital and voting rights of A-Diet Express Hospitality Service and make it a wholly owned subsidiary of the Company, subject to the approval of the same by the Shareholders of the Company at the ensuing AGM.

5. To take on record the resignation of Dinanath Shyamsundar from the Directorship of the Company w.e.f., 30 September 2015.

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