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| Exchange Received Time 29/09/2017 16:13:44 Exchange Disseminated Time 29/09/2017 16:13:50 Time Taken 00:00:06 | Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015 we hereby inform you that:
1. The central sales tax exemption available for production and sales from Daman has been discontinued after implementation of GST with effect from 1st July 2017. Further, the lease period of the Daman plant is getting expired on 15th Dec 2017. Hence, it has been decided by company management to discontinue production and sales from Daman plant and shift the same to Vasai plant where sufficient unutilized capacity is available.
2.The Company propose to set up new green field lubricant plant at 11 acre company owned freehold land situated at Vill - Saronda, Taluka - Umbargam, Distt. - Valsad (Gujrat). The estimated capacity of plant will be 100,000 KL which will replace the combined production capacity of Vasai and Daman Plant.
3. The logo & name of the Group (of which the Company is a part) has been changed, from Gulf Petrochem to GP Global. There is no change in the name of the Company.
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