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| Exchange Disseminated Time 08/12/2016 18:06:11 | Bloom Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 08, 2016, inter alia, has transacted the following;
1. Pursuant to the approval given by the member of the Company Under Section 180 (1)(a) of the Companies Act. 2013 read with Rules made there under through Postal Ballot, the Board has approved the sale of Company’s Land, Building and Other Assets to Mr. Kamal Dolatram Sewda, Proprietor of M/S Angel Steel Processing Unit at a consideration of Rs. 450 lacs (Rupees four hundred fifty lacs) only.
2. The Board has authorized Shri Ashish Chaudhaiy, Managing Director of the Company to sign and execute Memorandum of Understanding, Agreement for Sale and/or any other documents as may be necessary.
3. The Board has approved the shifting of Registered Office of the Company from its present location to Juhu which is outside the local limit of Raigad district with approval of Shareholders. |
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