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| Exchange Received Time 28/12/2017 17:24:53 Exchange Disseminated Time 28/12/2017 17:25:00 Time Taken 00:00:07 | The Board of Directors at their meeting held on Thursday, 28th December, 2017 duly commenced at 3.00 P.M. and concluded at 05.15 P.M. has inter alia:
a.) Considered and approved the Allotment Of New Shares pursuant to the Sub-Division of Face Value of Equity Shares from F.V. @ Rs. 10/-each to F.V. @ Rs. 5/- each as per the Beneficiary Position/Register of Members as on the Record Date 27th December, 2017; and further approved and authorized the Directors for issuing and signing the new share certificates, respectively.
b.) Considered and taken on record the disposal of entire investment of the Company held in its Associate Company 'M/s Jindal Synthetics Limited' by way of sale of its equity shares; consequently 'M/s Jindal Synthetics Limited' is no longer an Associate Company of 'Jindal Worldwide Limited' w.e.f 23rd December, 2017.
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