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| Exchange Disseminated Time 12/08/2016 18:35:53 | Gujarat Apollo Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 12, 2016, has transacted the following:
1. Subject to approval of members at the general meeting, the Board of Directors has approved certain related parties transactions;
2. Subject to the approval of members at the general meeting, the Board of Directors has decided to disinvest from the German based foreign subsidiary, Apollo Maschinenbau, GmbH.
3. The Board took note of Status of Compliant pending at the beginning of the quarter, disposed off during the quarter and unresolved at the end of quarter pursuant to Regulation 13(2) of SEBI (LODR) Regulations, 2015;
4. The Board reviewed compliance reports pertaining to all laws applicable to the listed Companies pursuant to Regulation 17(3) of SEBI (LODR) Regulations, 2015. |
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