Held on 28 March 2014
Milk Partners India has announced that the Board of Directors of the Company at its meeting held on 28 March 2014, has considered and approved the following:1. Reduction of paid up Capital to 40% i.e. Rs. 4,74,46,640 comprising of 47,17,328 fully paid up equity shares of Rs. 10/- each and 54,672 partly paid up equity shares of Rs. 5/- each against Accumulated capital losses as per the order of Hon'ble BIFR dated 06 February 2014.
2. Allotment of 30,00,000 equity shares of Rs. 10/- each upon conversion of Rs. 3.00 crores unsecured loan into equity as per the order of Hon'ble BIFR dated 06 February 2014.
3. Appointment of Hemant Shantilal Unadkat as Whole-time Director of the Company.
4. Resignation of A. Ramana Reddy, N. Satyanarayan Goud and Mahaveer Jain from the Directorship of the Company.
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