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| Exchange Received Time 25/05/2020 14:49:26 Exchange Disseminated Time 25/05/2020 14:49:31 Time Taken 00:00:05 | In compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), we would like to hereby inform that the Board of Directors of the Company, in its meeting held on Monday, 25th May, 2020, which commenced at 11:30 A.M. and concluded at 02:30 P.M., inter alia considered and approved the following:
1. Annual Budget of the Company for the F.Y. 2020-21 and projected a growth of 4% amidst the Covid-19 crisis.
In this regard, we would like to inform you that despite the shutdown of our operations for over 6 weeks, we are expecting a modest growth and also hope for normalcy to return in due course.
2. Waiver of 50% of the Sitting Fee by the Non- Executive Directors of the Company for this meeting, as a contribution towards the Covid-19 aid to the Company.
You are requested to kindly take the above information on your records and oblige. |
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