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| Exchange Disseminated Time 10/11/2016 15:19:33 | Bhansali Engineering Polymers Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 10, 2016, inter alia, have considered and approved the following;
1. Renewal of Leave and License Agreement with Related Party viz. M/s Bhansali international Private limited and Bhansali Engineering Polymers Limited for 11 Months period viz January 01, 2017 to November 30, 2017 (related to Head Office of Company).
2. Renewal of Leave and License Agreement with Related Party viz. Ms. Dudhidevi B. Bhansali and M/s Bhansali Engineering Polymers Limited for 11 Months period viz. November 01, 2017 to November 30, 2017(related to Guest House of Company).
3. Continuation of Related Party Transaction with JV Company viz. Bhansali Nippon A & L Private Limited by virtue of Sublicense Agreement and Agreement for Sales Support of Licensed Products, being in the ordinary course of business and on arm's length basis.
4. Fixed the Remuneration of Statutory Auditors for Financial Year 2016-17.
The Board Meeting was commenced at 12 Noon and concluded at 2:30 P.M. |
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