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| Exchange Received Time 22/11/2017 14:20:21 Exchange Disseminated Time 22/11/2017 14:20:26 Time Taken 00:00:05 | Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements), Regulations, 2015
The Board of Directors at their meeting held today i.e. November 22, 2017:
-Approved purchase of a manufacturing facility, comprising of land, buildings, plant, machinery and equipment, owned by Arch Pharmalabs Limited situated at Gaddapotharam, Jinnaram Mandal, Sanga Reddy District, under the provisions of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (SARFAESI) from JM Financial Asset Reconstruction Company ('JMFARC') by mutual consent. The purchase would take place by way of execution of a Sale Certificate by JMFARC in accordance with the provisions of the SARFAESI, upon completion certain Conditions.
This is for your information and records.
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