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| Exchange Disseminated Time | Vakrangee Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 06, 2016, inter alia, has transacted the following businesses:
1. Considered incorporation of a wholly owned subsidiary of Vakrangee Limited in the proposed name of Vakrangee Logistics Private Limited or such other name as may be available, to primarily provide logistics services such as last-mile delivery to various business partners and business verticals of Vakrangee Limited.
2. Approved signing of uniform Listing Agreement with the concerned Stock Exchanges pursuant to the provisions of Listing Obligations, approved and adopted Policy on Preservation of Documents and Policy on determination of Materiality of events or Information in accordance with Regulation 9 and Regulation 30 of the Listing Obligations, respectively.
Further, as per Regulation 30(5) of Listing Obligations, the Board of Directors of the Company has authorized Mr. Dinesh Nandwana - Managing Director & CEO and Ms. Darshi Shah - Company Secretary & Compliance Officer, to determine materiality of an event or information and to disclose the same to the concerned Stock Exchanges. |
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