Dynamic Industries Ltd. - Outcome of Board Meeting

| Updated on March 30, 2019 Published on March 30, 2019

Please be informed that based on the recommendation of Audit Committee, the Board of Directors of the Company, at their meeting held on 30th March 2019, have in-principle approved divestment of 100% equity investment held by the Company in Neo Farbe Private Limited (not a Material Subsidiary). The sale value of the investment has been determined on the basis of independent valuation report. The Company shall make necessary disclosures in terms of Regulation 30 and any other applicable provision of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, at the time of completion of share transfer process.

Further, Mr. Punit Leelaram Chhattani (PAN: ATYPC7005N), Chief Financial Officer of the Company has resigned from his office w.e.f. Saturday, 30th March, 2019 (Close of Business hours) and his letter of resignation has been noted and taken on record by the Board at its meeting held on 30th March, 2019.

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Source : BSE - www.bseindia.com

Published on March 30, 2019
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