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| Exchange Disseminated Time | Jagran Prakashan Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on July 27, 2015, inter alia :
1. To consider and take on record the Unaudited Financial Results of the Company for the quarter ended June 30, 2015.
2. To consider and approve the amalgamation of Suvi Info-Management (Indore) Private Limited (SUVI), a wholly-owned subsidiary of the Company, which does not have business activity, subject to the approval of shareholders/ creditors and other regulatory authorities. The proposed amalgamation envisages-
i) no issue of fresh capital or any other security as SUVI is 100% subsidiary of the Company; and
ii) strengthening capital structure and standalone balance sheet of the Company besides saving various administrative, managerial and other costs and improving organisational efficiency. |
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