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ANG AUTO LIMITED
Nov 12 2007
Ang Auto Limited has informed the Exchange that the Board of Directors of the Company in their meeting held on November 12, 2007 has : 1) Subject to the approval of Shareholders pursuant to Section 31 of Companies Act, 1956, Board approved the insertion of new Clause of Buy-back of shares in Articles of Association of the Company as Clause 9A after Clause 9 under the heading "Buy-back of Shares/ Securities". 2) Recommended for approval by the shareholders a proposal to buyback its own shares by the company upto 25% of Paid-up Capital and Free Reserve of the Company, at a price not exceeding Rs. 215 per shares from existing shareholders through Stock Exchange(s). 3) Approved the Notice of Postal Ballot for the above two businesses.
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