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Board of KKalpana Industries (India) approves USD 3 mn investment in Oman based company

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Capital Market
Last Updated : Oct 29 2019 | 11:04 AM IST

At meeting held on 28 October 2019

KKalpana Industries (India) announced that the Board of Directors at its meeting held on 28 October 2019 has approved the following -

The company proposes to hold 98% of the Share Capital of the Free Zone Limited Liability Company to be established under the laws of the Sultanate, in Sohar Free Zone, Oman.

Narrindra Suranna and Dev Krishna Surana, the promoters and also Directors of the Company, also propose to hold 1% of the share capital each, respectively, of the said Company

Narrindra Suranna (DIN: 00060127), Chairman and Managing Director and Dev Krishna Surana (DIN: 08357094), Whole Time Director and also the promoters of the Company, respectively, shall be appointed as the Directors of the said Company.

The approximate proposed investment in the said company is USD 3 million

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First Published: Oct 29 2019 | 10:41 AM IST

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