SAKTHIFIN

Sakthi Finance Limited has informed the Exchange that the Board of Directors, at their meeting held on 5th February 2011, have approved a proposal to de-link the wholly-owned subsidiary, Sakthi Properties (Coimbatore) Limited from the company. (Source MSE)

Sakthi Finance Limited has informed the Exchange that the Board of Directors, at their meeting held on 5th August 2010, have decided to (1) close the Register of Member and Share Transfer Books from 7th September 2010 to 14th September 2010 and (2) hold the 53rd Annual General Meeting of the members of the Company on 14th September 2010 at Coimbatore. The Company has further informed that the Board also recommended the reappointment of Sri M. Balasubramaniam as Managing Director for a further period of five years with effect from 29th September 2010, subject to the approval of the members

Sakthi Finance Limited has informed the Exchange that the Board of Directors have, at their meeting held on 5th August 2010, recommended the following items subject to the approval of the members at the ensuing Annual General Meeting: (1) To increase the Authorised Capital from Rs.45 Crores divided into 4,00,00,000 Equity sharesof Rs.10/- each and 5,00,000 Red. Cum. Pref. Shares of Rs.100/- each to Rs.60 Crores divided into 5,50,00,000 Equity shares of Rs.10/- each and 5,00,000 Red. Cum.Pref.Shares of Rs.100/- each. (2) Issue of 2,00,71,321 Equity shares of Rs.10/- each for cash at par aggrega