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| Exchange Received Time 30/05/2018 16:50:48 Exchange Disseminated Time 30/05/2018 16:50:53 Time Taken 00:00:05 | We wish to inform that the Board of Directors of the Company at its meeting held today (30.5.2018) has approved in principle, sale of the equity shares held by the Company in Sakthi Auto Component Limited (SACL), Associate Company, and non-core assets of the Company for the purpose of augmenting funds for meeting current liabilities of the Company.
Upon sale of shares held by the Company in SACL, SACL would cease to be an Associate Company.
We request you to take the above on records.
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