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| Exchange Disseminated Time 23/12/2016 13:04:59 | Nandan Denim Ltd has informed BSE that the Board of Directors of the Company have on December 22, 2016, passed the following items through Circular Resolutions:
1. Acceptance of resignation tendered by Dr. Yasho Verdhan Verma as an Independent Director of the Company w.e.f. December 15, 2016;
2. Withdrawal of the proposal of allotment of 50,00,000 convertible warrants through Preferential Allotment route to FPIs on account of present economic outlook and likely delay in sanctions to be received from Banks with which the Company had tie-up for funding the proposed project. |
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