May 8, 2006
The media had reports that Fedders Lloyd Corporation Ltd is considering plans to develop land in Delhi.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Fedders Lloyd Corporation Ltd has vide its letter inter-alia stated, "The company had altered its object clause of Memorandum of Association by inserting therein the objects relating to infrastructure development and related matters. The said matter was approved by means of Postal Ballot of the shareholders on 19th January 2006. We further inform that the company has not initiated any such plans and we undertake to intimate the exchange if any such plans are undertaken by the company in the near future."
Source: National Stock Exchange of India Limited
Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.