Outcome of board meeting of Raymed Labs

Held on 05 February 2015

Raymed Labs announced that the Board of Directors of the Company at its meeting held on 05 February 2015, inter alia, has passed the following :

1. The Board considered and approved the Capital Reduction pursuant to the provisions of Companies Act, 1956 and Companies Act, 2013, wherever applicable and subject to the Shareholders approval and approval of Board/High Court/Tribunal.

2. The Board considered and approved the resignation of Ankur Arora from the directorship of the Company.

Powered by Capital Market - Live News