Ashok Alco-Chem Ltd. - Outcome of Board Meeting

| Updated on July 16, 2019 Published on July 16, 2019

Dear Sir(s)/Madam(s),

In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations), we wish to inform you that the Company has received a proposal for purchase of its Chemical Manufacturing Facility along with the Residential Colony situated at Mahad.

In this connection, the Board of Directors of the Company, at their meeting held today instant, considered and deliberated on the said proposal and accordingly authorised Mr. Purab Shah, Executive Director & CEO and Mr. Vaize Kampli, Chief Financial Officer of the Company to negotiate, deal, settle and finalize the terms & conditions of the said proposal as also to do all necessary/incidental acts, deeds and things in this regard, subject to the approval of the Board of Directors.

We shall keep you updated about the progress in this matter.

The meeting concluded at 02.00 p.m.

Kindly take the above information on your record.

Pdf Link: Ashok Alco-Chem Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on July 16, 2019
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