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| Exchange Received Time 24/07/2018 13:51:30 Exchange Disseminated Time 24/07/2018 13:51:33 Time Taken 00:00:03 | Pursuant to the provisions of the Listing Regulations, we wish to inform you that the Board of Directors of the Company at its meeting held today, commenced at 12.45 p.m. and concluded at 01.20 p.m., has approved to dispose/transfer 15,30,000 equity shares of Rs. 10/- each of Soriso Ceramic Private Limited ('Soriso'), a subsidiary company, held by the Company at an aggregate consideration upto Rs. 1100 Lacs, subject to applicable laws.
Consequent upon the completion of disposal/transfer of the above said shares, Soriso shall cease to be a subsidiary of the Company.
Details regarding above referred dispose/transfer of shares pursuant to Regulation 30 of the Listing Regulations are given in Annexure-A
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