MOSCHIP SEMICONDUCTOR TECHNOLOGY LTD. - Outcome of Audit Committee and Board Meeting - Reduction in Share Capital
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| 11 Mar 2014 | |
| Moschip Semiconductor Technology Ltd has informed BSE that:<br/><br/>- The Audit Committee Members in their meeting held on March 11, 2014, considered valuation report and fairness opinion report on Equity Share Capital and approved its report on the scheme of Reduction of Share Capital based on valuation report and fairness opinion report.<br/><br/>- Board of Directors of the Company in their meeting held on March 11, 2014, inter alia, considered and took note of the Valuation Report, Fairness Opinion Report and Audit Committee Report on the Reduction of Share Capital by reducing paid up value of each share from Rs. 10 to Rs. 2 in terms of Section 78, 100 - 104 of Companies Act, 1956 read with the Listing Agreement and other applicable laws and authorized Directors to file application, petitions, affidavits and others relevant documents with concerned authorities, departments and courts etc. | |
| View all announcements for MOSCHIP SEMICONDUCTOR TECHNOLOGY LTD. | Source: BSE India |
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