Arvind Remedies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 11, 2015, has taken the following decisions:<BR><BR>1. Board approved the investment proposal presented by M/s. Global Allied Pharmaceuticals LLc, including product development. It was decided to enter into agreement stating in detail the amount to be invested and the terms and conditions and the same be placed for approval of the shareholders.<BR><BR>2. Considering the proposed investment, it was decided to increase the authorised share capital of the company accordingly.<BR><BR>3. It was decided to appoint Dr. Timothy Allen and Dr. M. Vasudevan, representing Global Allied Pharmaceuticals, as additional directors of the Company.<BR><BR>4. Draft notice to the shareholders by postal ballot was approved and it was decided to complete necessary formalities as may be required.
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