Outcome of Board Meeting

| Updated on August 27, 2015 Published on August 27, 2015

Vimal Oil & Foods Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 27, 2015, inter alia has dealt with the following business:

1. Acceptance of a resignation of M/s. R R S & Associates, Chartered Accountant as Statutory Auditors of the Company w.e.f. August 27, 2015.

2. Appointment of M/s. S. D. Mehta & Co., Chartered Accountant as Auditors (Statutory) of the Company to fill casual vacancy accrued due to resignation of M/s. R R S & Associates, Chartered Accountant, w.e.f. August 27, 2015.

3. Fixation of remuneration of M/s. S A & Associates, Cost Auditor for the financial year 2015-16, subject to the approval of members in the forthcoming Annual General Meeting of the Company.

4. During the quarter, the Company has sold its investment in M/s Vimal Dairy Limited which was not material subsidiary Company. As such, M/s. Vimal Dairy Limited ceased to be subsidiary of the Vimal Oil & Foods Limited.

5. The Company has acquired/ purchased 100% equity shares of the M/s. Brinda Exports Limited. As such, M/s. Brinda Exports Limited becomes wholly-owned subsidiary of the Company.

Source : BSE - >www.bseindia.com

Published on August 27, 2015
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