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Fairfield Atlas` board approves delisting offer

The board of Fairfield Atlas in its meeting on 26 February 2013 has taken on record the delisting proposal received from the promoter.

The board has approved the delisting offer pursuant to and in accordance with Regulation 8(1) (a) of the Delisting Regulations.

The board has consented to seek the approval of the public shareholders of the company for the delisting offer by way of postal ballot in accordance with the provisions of section 192A of the Companies Act, 1956 read with the Companies (Passing of Resolution by Postal Ballot) Rules, 2001.

The board has authorized Devanand Jacob, managing director, Riad Fyzee, director and Marcel Rebello, company secretary of the company jointly and severally to do the needful.

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