5th-Sep-2008 13:36Source: BSE

Uniproducts India - Outcome of Board Meeting

Uniproducts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 05, 2008, inter alia, has considered and discussed final order passed by the Securities Appellate Tribunal (SAT) on August 28, 2008 in the matter of Uniproducts (India) Ltd Vs The Securities and Exchange Board of India, Appeal No. 71 of 2008 filed by the Company against the SEBI letter dated February 25, 2008 in respect of the proposed de-listing of securities of the Company from the stock exchange. In the board meeting, the Board of Directors, relying on the outcome of the order passed by SAT in the abovestated matter, has decided to proceed with the de-listing of equity shares of the Company from the Bombay Stock Exchange Ltd, and has authorized the Delisting Committee of the Board of Directors of the Company to take all steps required for the delisting of the Company. Further, the Board of Directors took note of the resignation of Mr. Govind Narain as the Director of the Company w.e.f. September 04, 2008.