Held on 07 June 2014
Surya Industrial Corporation announced that the Board of Directors of the Company at its meeting held on 07 June 2014, have resolved the following businesses:1. Transfer of Shares
a) Took the note of Share Purchase Agreement entered into between the Promoter and Pratik Sharadkumar Mehta, Aruna Satunda, Kaushal D. Vadecha and Nikhil Champaklal Shah;
b) Approved the transfer of 415083 equity shares in favour of Pratik Sharadkumar Mehta, Aruna Satunda, Kaushal D Vadecha and Nikhil Champaklal Shah pursuant to the aforesaid agreement;
c) Approved the transfer of 90665 shares received in open offer made to shareholders.
2. Appointment of New Director:
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Following Directors are taking charge as new management of the Company:
a. Naitik Devendrakumar Shah
b. Pratik Sharadkumar Mehta
So they were duly appointed in the board meeting.
3. Resignation of Director:
Took the note of the resignation of Vivek Jain, Director of the Company with effect from 07 June 2014.
4. Change in Control of the Management of the Company
Consequent to covenants of Share Purchase Agreement (SPA) and the letter of offer, new management has been introduced.
5. Schedule of next Board Meeting
Next Board Meeting is scheduled for 11 June 2014 to review the operations of the Company for the future.
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