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Novopan to seek shareholders' nod thru postal ballot

Our Bureau

Hyderabad , Feb. 13

NOVOPAN Industries Ltd which had earlier planned to convene an extraordinary general meeting to obtain the consent of shareholders for the investments, loans and guarantees proposed, has now decided not to go in for EGM.

Instead, the company now plans to seek the approval of shareholders for the said resolutions through postal ballot.

The company said it was in the process of dispatching the draft resolution and ballot paper to the shareholders for passing the resolution through postal ballot.

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