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| Exchange Disseminated Time | Ambalal Sarabhai Enterprises Ltd has informed BSE that the members of the Company, by way of Postal Ballot, have approved the following resolutions.
1. To transfer and assign as a going concern the undertaking and businesses known as Sarabhai Chemicals Bulk Drugs Division to Synbiotics Ltd, a wholly-owned subsidiary of the Company.
2. To transfer and assign as a going concern the undertaking and businesses known as Electronics (Systronics, Telerad and Sarabhai Electronics Research Centre (SERC) Division to Systronics (India) Ltd, a wholly-owned subsidiary of the Company.
3. To transfer and assign as a going concern Sarabhai Common Services Division to Mautik Exim Ltd a wholly-owned subsidiary of the Company. |
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