AJEL has informed that the board of directors of the company at its meeting held on November 15, 2011, has considered, approved and allotted 6,00,000 equity shares to persons other than promoter group on preferential basis, considered and approved the amalgamation of AJEL technologies India, a wholly owned subsidiary company, with the company subject to legal formalities under the applicable laws and approval of Hon'ble High Court Judicature and to take appropriate decisions.
The above information is part of the company’s filing submitted to the BSE.
