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| Exchange Received Time 02/11/2018 15:29:16 Exchange Disseminated Time 02/11/2018 15:29:25 Time Taken 00:00:09 | This is to inform you that the Board of Directors of the Company at their meeting held today i.e. November 2, 2018, has inter-alia considered and approved the following :
1. Unaudited Financial Results (stand-alone and consolidated) for the 2nd quarter and half year ended Sept 30, 2018.
2. Proposal for setting up a new molasses based 80 KLPD distillery at Muzaffarnagar, Uttar Pradesh, subject to receipt of necessary statutory clearances, raising total distillation capacity to 400 KLPD (including the new distillery of 160 KLPD at Sabitgarh under execution) at a total cost of about Rs.122 crore.
3. Re-appointment of Mr Shekhar Datta, Ms Homai A. Daruwalla and Dr. Santosh Pande, the existing Non-Executive Independent Directors for a period of five years w.e.f. 1.4.2019, 1.4.2019 and 16.4.019 respectively.
4. Adoption of a new set of Articles of Association (AOA) of the Company in accordance with the provisions of the Companies Act, 2013 in place of, in substitution to, and the entire exclusion of the existing AOA.
The re-appointment of aforesaid Directors and Alteration of AOA is subject to approval of the shareholders by way of special resolutions.
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