Corporate Announcement
Security Code : 512573    Company : AVANTI    
Outcome of Board MeetingDownload PDFDownload XBRL
  Exchange Received Time  19/10/2019 18:38:58         Exchange Disseminated Time   19/10/2019 18:39:06              Time Taken   00:00:08
In pursuance of the SEBI (Listing Obligations & Disclosure Requirement) Regulations, we are to inform that the Board of Directors of our Company at its meeting held on 19.10.201 inter alia approved the following: -

1) Un-Audited Financial Results for the quarter ended 30.09.2019
2) Cessation of Sri Solmon Arokia Raj, IAS as Nominee Director w.e.f. 27.09.2019 and Appointment of Dr. Rajat Bhargava, IAS, as Nominee Director w.e.f. 19.10.2019. (Details at Annexure-1)
3) SVIMSAN Exports & Imports Private Limited (SVIMSAN) (Non-functional and Non- material subsidiary): -
Write-off of (i) equity investment in 10,00,000 equity shares of Rs. 10/- each aggregating to Rs. 1.00 Crore and (ii) irrecoverable loan of Rs. 90.10 lakh. (Details at Annexure-2)

The Board meeting held on 19.10.2019 commenced at 10.30AM and concluded at 5:00 P.M.


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