VIVIMED LABS LTD. - Board approves Sub-division of equity shares

Vivimed Labs Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 11, 2016, inter alia, have approved/resolved/taken note of the following:<BR><BR>1. Approved the sub division proposal of Company's Equity Shares from the existing face value of Rs. 10/- per Equity Share to Rs. 2/- per Equity Share subject to the approval of Company's shareholders, which is proposed to be obtained through Postal Ballot & E-Voting.<BR><BR>2. To conduct Postal Ballot & E-Voting for seeking approval of members for the above matter.<BR><BR>3. Has taken on record , the resignation of Mr. Srinivas Chidambaram from the Board of Directors of the Company and Consequently reconstituted the Audit Committee.