NUCHEM

Nuchem Limited had informed the Exchange that a meeting of the Board of Directors of the Company will be held on November 14, 2011 inter-alia to consider and approve the audited accounts for the year ended on March 31, 2011 and unaudited quarterly financial results for the quarter ended on September 30, 2011. The Company has now informed the Exchange vide its letter dated November 12, 2011 regarding postponement of the Board Meeting scheduled on November 14, 2011 due to circumstances beyond control of the Company.

Nuchem Ltd has informed the Exchange that the Board of Directors at its meeting held on January 28, 2010 (1) The Board has accepted the resignations by 3 directors of the Company, namely Sh. P P Khanna, Sh. R K Jain and Sh. Ajay Baijal vide their letter dated November 2, 2009, November 09, 2009 and January 15, 2010 respectively. The Board has placed on record its deep appreciation of the valuable services rendered by these Directors during their tenure as Director(s) on the Board of the Company. The Board will fill up the resultant casual vacancies at the earliest. (2) The Board has approved t

Nuchem Ltd has informed the Exchange that a meeting of the duly empowered Sub-Committee of the Board of Directors of the Company was held on April 11, 2008, inter-alia transacted the following business: Approved the allotment of 750,000 (Seven lac Fifty Thousand) Equity shares of Rs. 10/- (Rupees Ten) each at par on preferential basis to the IFCI Limited in compliance of its stipulation for re-structuring of term debts of the company.

Nuchem Ltd has informed the Exchange that the Board of Directors of the Company at the meeting held on December 28, 2007 has inter-alia approved an agreement for divestment of the shares held by the Company in its wholly owned subsidiary company namely Nuchem Machine Tools Limited (NMTL) to the extent of 39.97% for a total consideration of Rs.480 lac for the purpose of raising funds for ongoing financial restructuring of the company.