Corporate Announcement
Security Code : 523586    Company : INDTONER    
 
Outcome of Board Meeting 
  Exchange Disseminated Time     
Indian Toners & Developers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 09, 2016, inter alia, has taken the following decisions:

1. The Board has considered and approved the proposal for amalgamation of its subsidiary, namely, M/s. ITDL Imagetec Limited with the Company, in accordance with the provisions of Section 391-394 of Companies Act, 1956 or the applicable provisions of Companies Act, 2013.

2. The Board has also authorized Mr. Sushil Jain, Chairman & Managing Director and Mr. S.C. Singhal, Company Secretary jointly and severally to appoint various agencies including Valuer, Merchant Bankers, Lawyer, etc. to carry the transaction.
 

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