ASHCO

Ashco Niulab Industries Limited has informed the Exchange that the Board of Directors of the Company in its meeting held on September 01, 2010, has considered and approved the draft Notice convening the Annual General Meeting of the company for the year 2009-10, Directors Report including Management Discussion & Analysis Report and Accounts of the Company for the year end March 31, 2010.

Ashco Industries Limited has informed the Exchange that Board Meeting originally scheduled on March 27, 2008 was adjourned to March 28, 2008 and at the adjourned meeting the Board of Directors considered amongst others, the following matters which arouse post court convened meeting of equity shareholders and unsecured creditors: 1) Shareholders approval for arrangement/merger/amalgamation of Niulab Equipment Company Private Limited; 2) Increase in Authorized Capital; 3) Change of name; 4) To rescind & withdraw the Preferential Allotment of warrants convertible into equity shares. The details o