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Board Meeting on Nov 13, 2014 (to consider Voluntary Delisting of equity shares)

| Updated on: Nov 12, 2014

Insilco Ltd has informed BSE that the Board of Directors of the Company have received a letter from Evonik Degussa GmbH on November 12, 2014, proposing a voluntary delisting of the equity shares of the Company from the Bombay Stock Exchange Limited (the "BSE") under Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (the "Delisting Regulations") with a view to acquire all the outstanding shares of the Company held by public shareholders and delist shares of the Company from the BSE (the "Delisting Proposal"). At present Evonik Degussa GmbH holds 73.11% of the paid-up equity capital in the Company. Evonik Degussa GmbH has requested the Board of Directors of the Company to convene a Board Meeting for approving the Delisting Proposal and seek consent of the equity shareholders of the Company for delisting of the equity shares of the Company by way of postal ballot in accordance with the provisions of Section 110 of the Companies Act, 2013 read with applicable rules. The Delisting Proposal would be considered at the meeting of Board of Directors of the Company that has been scheduled on November 13, 2014.

Source : BSE - www.bseindia.com

Published on November 12, 2014

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