Press Note

| Updated on May 22, 2015 Published on May 22, 2015

EID Parry India Ltd has informed BSE that Mr. A. Vellayan has informed the Company that in keeping with the values and tradition of the Murugappa Group he is stepping down as Chairman of the Company, consequent to the interim order of SEBI dated May 21, 2015, purporting to link him with the alleged insider trading by certain individuals in the shares of Sabero Organics Gujarat Limited, a company acquired by Coromandel International Limited, the Companys subsidiary, in May 2011. He will continue to be a member of the Board of the Company.

A press note issued in this connection is enclosed.

Pdf Link: >Press Note

Source : BSE - >www.bseindia.com

Published on May 22, 2015
This article is closed for comments.
Please Email the Editor