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| Exchange Received Time 11/08/2017 12:14:47 Exchange Disseminated Time 11/08/2017 12:14:55 Time Taken 00:00:08 | | This is to inform you that pursuant to the demerger of paper manufacturing business of the Company into Pudumjee Paper Products Ltd. with effect from 1st April, 2014 (Appointed Date) and after taking into account, the business structure and income pattern of the Company as on 31st March, 2016 and 31st March, 2017 to date, the Board of Directors of the Company, in their Meeting held today, have noted that the Company may be deemed to be a 'Core Investment Company' within the meaning of Core Investment Companies (Reserve Bank) Directions, 2016 |
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