Outcome of Board Meeting

| Updated on January 21, 2016 Published on January 21, 2016

Chambal Fertilisers & Chemicals Ltd has informed BSE that CFCL Technologies Limited (“CFCL Tech”) is a subsidiary of Chambal Fertilisers and Chemicals Limited ("the Company”) incorporated under the laws of Cayman Islands. CFCL Tech, through its subsidiaries and step down subsidiaries, is engaged in the business of providing information technology solutions, outsourcing and other services.

The Board of Directors of the Company at its meeting held on January 21, 2016 gave its consent / approval to CFCL Tech to sell and dispose-off the business that is being carried through its subsidiaries and step down subsidiaries including ISGN Solutions Inc., USA.

The aforesaid transaction(s) will be consummated after receipt of requisite approvals.

Source : BSE - >www.bseindia.com

Published on January 21, 2016
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