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| Exchange Received Time 20/02/2018 16:46:44 Exchange Disseminated Time 20/02/2018 16:46:54 Time Taken 00:00:10 | This is in continuation of our earlier letter dated 17.2.2018 on the above subject.
Pursuant to above referred regulations, please be informed that the Board of Directors of the Company at its meeting held today has approved the following:
1. Purchase of the entire shareholding of Mawana Foods Private Limited (MFPL) held by Usha International Limited (UIL) at a total consideration of Rs.24.83 crores subject to approval of Shareholders. (detailed information as per the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 is enclosed as Annexure-I).
2. Notice calling Extra Ordinary General Meeting (EOGM) scheduled to be held on Monday, 26th March, 2018 at 10:00 a.m. for approval by the shareholders under section 186 of the Companies Act, 2013, by means of a Special Resolution authorizing the Board to purchase of the entire fully paid equity shares of Mawana Foods Private Limited (MFPL).
This is for your information and records.
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