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| Exchange Disseminated Time 23/01/2016 12:58:50 | Hydro S & S Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 23, 2016, have approved the followings:
1. The Board of Directors of the Company had approved setting up of a green field manufacturing facility in Pune at Chakan Industrial Area with an initial capacity of 70,000 tonnes per annum and the total capital expenditure is estimated at around Rs.500 cr.
2. Authorised Official to sign and execute fresh listing agreement with Stock Exchange.
3. Pursuant to Regulation 9 & 30 of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015 the Board of Directors of the Company has, inter alia, approved the following policies:
- Policy on Determining the Materiality of Events / Information
- Policy on Preservation of Documents
- Archival Policy
All the aforesaid policies framed and approved under SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015 are placed / disclosed on the website of the Company at www.hssil.com
Further, as per Regulation 30(5) of the SEBI (Listing Regulations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company has authorized Key Managerial Personnels, severally for the purpose of determining the materiality of an event or information and for the purpose of making disclosures to the Stock Exchange. |
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