Medinova Diagnostic Services has informed that the Board of Directors of the Company at its meeting held on August 08, 2016, has transacted the In-principal Approval of Directors for increase in authorised share Capital and capital clause of MOA of the Company subject to approval of shareholders at AGM; and approved the temporary closure of Hyderabad Unit for reducing the losses.
The above information is a part of company’s filings submitted to BSE.