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| Exchange Received Time 26/07/2017 18:50:30 Exchange Disseminated Time 26/07/2017 18:50:36 Time Taken 00:00:06 | This is to inform you that our Board at its meeting held on 26th July 2017, has interalia :-
1. Approved Unaudited Financial Results of the Company for the Quarter ended 30th June, 2017.
2. Approved the sub-division of each of the Equity Shares of the Company having a face value of Rs. 10/- (Rupees Ten only) into 5 (Five) Equity Shares having a face value of Rs. 2/- (Rupees Two only) each.
The sub-division of equity shares is subject to approval of shareholders, which will be sought at the ensuing Annual General Meeting, and any other statutory and regulatory approvals. Accordingly, the record date for sub-division of the equity shares will be announced in due course.
3. Approved investment of upto Rs.25 crores in 9% Cumulative Redeemable Preference Shares of M/s. Balkrishna Paper Mills Ltd., a Group Company.
The meeting commenced at 4.00 p.m. and concluded at 6.30 p.m.
Please take the same on record and oblige.
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