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| Exchange Disseminated Time 30/03/2016 16:34:44 | | JHS Svendgaard Laboratories Ltd has informed BSE that in accordance to the resolution passed by the board of directors on February 14, 2015 followed by the approval received from the shareholders vide postal ballot resolution dated March 25, 2015 and further duly confirmed by the Board of Directors, authorizing Mr. Nikhil Nanda, Managing Director vide resolution dated February 11, 2016, to enter into a Business Transfer Agreement, the Company has entered into a Business Transfer Agreement with M/s. AVALON COSMETICS PRIVATE LIMITED, to sell & dispose of one of the undertaking business segments carrying out Hygiene Care Products Business erstwhile known as Wave Hygiene Products, located at the registered office at Trilokpur Road, Kheri (Kala-Amb), Tehsil: Nahan, Himachal Pradesh-173 030, by way of slump sale. |
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