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| Exchange Received Time 14/08/2018 21:07:32 Exchange Disseminated Time 14/08/2018 21:07:35 Time Taken 00:00:03 | In continuation of our letter dated 30th May, 2018 and pursuant to Regulation 30(4) Schedule III Part A Para B of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company is in the process of expanding its production capacity by 3,300 MT per annum in its recently acquired factory/plant located at Mahape TTC Industrial Area.
We would also like to bring to your notice that the Board at its meeting held today authorized Mr. Sanjay Tibrewala, Whole Tiime Director & Chief Financial Officer to study on the prospects of having an Employees Stock Option Scheme or a Preferential issue as to which would be beneficial for the growth of the Company and its employees and thereafter to submit his recommendations to enable the Board to take an informed decision regarding the same in future.
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