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| Exchange Received Time 07/10/2017 14:00:27 Exchange Disseminated Time 07/10/2017 14:00:31 Time Taken 00:00:04 | Sub: Outcome of the Board Meeting held on 7th October, 2017
Further to our letter(s) dated 28th September, 2017 and pursuant to Regulation 30 and schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI Listing Regulations"), we wish to inform you that the Board of Directors of the Company in its meeting held today i.e. 7th October, 2017 has constituted and authorized a Committee to explore and evaluate the option(s) for sale/disposal of Company's investment in its subsidiary namely Shakumbari Sugar and Allied Industries Limited and/or its assets, in accordance with applicable regulations.
The final outcome/recommendation of the Committee shall be placed before the Board for consideration and approval, before any final decision is taken.
The above said Board Meeting commenced at 13.00 Hrs. and concluded at 13.30 Hrs.
Kindly take the above information on record.
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