12th-Mar-2012 18:10Source: BSE

Nandan Exim - Outcome of Board Meeting

Nandan Exim Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 12, 2012, inter alia, has considered and approved the following:

1. The allotment of 4,55,49,056 number of equity shares of face value of Rs. 10/- each to the shareholders as per the Record Date data pursuant to consolidation from Re. 1/- per share to Rs. 10/- per share and to issue the share certificates to the shareholders holding the shares in physical form and to do other necessary formalities in this connection.

2. The allotment of new ISIN (International Securities Identification Number) issued by NSDL & CDSL and has authorized the Directors / Company Secretary to do any acts in relation to formalities with NSDL & CDSL.

3. The making of application for the re-commencement of trading of equity shares of face value of Rs. 10/- each pursuant to the consolidation of shares with Stock Exchanges and to do all related formalities as per the Listing Agreement.

4. Has appointed Devkinandan Corporation LLP as independent agency to deal with the fraction shares and carry the fund in escrow / current account (separate account) for distribution after deducting the related expenditure and has decided to sell the accumulated fraction shares within three months from the date of recommencement of trading with stock exchanges.