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| Exchange Received Time 29/06/2017 13:02:34 Exchange Disseminated Time 29/06/2017 13:02:41 Time Taken 00:00:07 | Pursuant to the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), we wish to inform you that at the meeting of the Board of Directors ('the Board') of the Company held today, the following businesses were transacted:
1. The Board has accepted the resignation of Mr. Dev Datt Rishi from the position of Whole-time Director designated as Director-Technical of the Company effective from the close of working hours of June 30, 2017.In view of the above, Mr. Dev Datt Rishi shall continue to be a Non-executive Director of the Company after the close of working hours of June 30, 2017.
2. The Board has approved to dispose/transfer 73,60,000 equity shares of Rs. 10/- each of Taurus Tiles Private Limited, a subsidiary company ('Taurus') held by the Company at an aggregate consideration of Rs. 375.20 Lacs, subject to applicable laws.
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