MUMBAI, September 24, 2008: Zandu Pharmaceuticals was scheduled to hold its 89th AGM today at 3 PM at JK Banquets, Worli, Mumbai.
However, two court orders were received restraining the Company from holding the AGM.
According to a notice put up at the AGM venue, he courts – Court of Civil Judge (Jr Division), Garhbeta, West Midnapore, (West Bengal) and City Civil Court, Kolkata, – have passed ex-parte ad-interim orders on September 20, 2008.
The copies of the orders were served on the Company today – September 24, 2008, the notice said.
Several shareholders, proxies and media persons who came for the AGM returned after reading the notice.
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