Dharani Sugars & Chemicals To Issue Equity Shares - July 22, 2009

The board of Dharani Sugars and Chemicals has approved a proposal for issue of 40 lakh equity shares of Rs 10 each to the promoter group consisting of Palani G Periasamy and his family/associates/companies, and to a few individuals/institutional investors. This was approved at the board meeting held on 21 July 2009.

Nikki Global Board Approved The Issue Of Equity Shares - July 16, 2009

Nikki Global Finance Limited has informed that the Board of Directors of the Company at its meeting held on July 15, 2009, has approved the issue of 52,50,000 (Fifty two lac fifty thousand) equity shares of the Company on preferential basis subject to approval of equity share holders of the Company pursuant to section 81 (1A) of the Companies Act, 1956 and of other regulatory authorities.

The Extra Ordinary General Meeting of equity share holders of the Company for this purpose is scheduled to be held August 20, 2009.