Matrix Laboratories (Delisted) share news and announcements

Jan 2007

• 31 Jan · News Verification

  News Verification : The media had reports on January 30, 2007 that Matrix Laboratories Limited may announce a buyback. 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. Matrix Laboratories Limited has vide its letter inter-alia stated, "The company confirms that as on date it is not contemplating a buy back of its securities."

• 31 Jan · Board meeting

  Board Meeting of the Company scheduled to be held on January 30, 2007 for considering and approving the unaudited financial results for the quarter ended December 31, 2006 is adjourned for January 31, 2007.

• 30 Jan · Meeting

  Pursuant to Section 192A of the Companies Act, 1956, read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001, the following resolution is proposed to be passed, as special resolution by means of Postal Ballot: Amendment to Articles of Association of the Company under Section 31 of the Companies Act, 1956. The Board of Directors of the Company have appointed Mr. P. Jagannatham, Partner of M/s. Puttaparthi Jagannatham & Co., Company Secretaries, as the Scrutinizer (the "Scrutinizer") for conducting this postal ballot voting process in a fair and transparent manner. The duly completed postal ballot form should reach the Scrutinizer before the closing of working hours on or before February 26,2007. The result of the Postal ballot will be declared on February 28,2007. A copy of the Postal Ballot shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

• 22 Jan · Board meeting

  Meeting on 30 Jan 2007: “Unaudited Financial Results for the quarter ended Dec 31, 06”

• 9 Jan · Board meeting

  (ii) Resignation of Directors (iii) Appointment of Additional Director (iv) Reconstitution of Committees. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.

• 9 Jan · Board meeting

  The Board of Directors of the Company at their meeting held today i.e. 8th January, 2007 :- i) Noted that the transactions under the Share Purchase Agreement (SPA) between MP Laboratories (Mauritius) Ltd, a wholly owned subsidiary of Mylan Laboratories Inc. U.S.A. ('Acquirers'), and Mr. Prasad Nimmagadda, Prasad Nimmagadda-HUF, G2 Corporate Services Limited, India Newbridge Investments Limited, India Newbridge Partners FDI Limited, India Newbridge Coinvestment Limited, Maxwell (Mauritius) Pte Limited and Spandana Foundation ('the Selling Shareholders'), entered into on 28th August 2006 have consummated and consequent upon the closing of the transactions, the Acquirers have acquired approximately 51.5% of the voting share capital of the Company, pursuant to the said SPA. Further, the Acquirers also completed acquisition of 20% of the fully diluted share capital through open offer. On completion of acquisition of shares under SPA and Open Offer, the Acquirers acquired an aggregate of 110,024,634 number of equity shares of the Company representing approximately 71.5% of the voting share capital of the Company. Consequent to the above, the Company has become a subsidiary of MP Laboratories (Mauritius) Ltd and a step down subsidiary of Mylan Laboratories Inc. Mr. N. Prasad continues to be the Promoter of the Company and to hold around 5% of the paid-up share capital of the Company. Further, India Newbridge Investments Limited, India Newbridge Partners FDI Limited, India Newbridge Coinvestment Limited, Maxwell (Mauritius) Pte Limited have sold their entire shareholding to the Acquirers and shall not be the Promoters of the Company

• 9 Jan · Business

  Press release dated January 08, 2007, titled "Mylan Laboratories Completes Matrix Laboratories Transaction". The details of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here.