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E.I.D.-Parry (India) Ltd. - Outcome of Board Meeting

| Updated on July 29, 2019 Published on July 29, 2019

Raising of funds: The Board has approved issuing Non-Convertible debentures for an amount not exceeding Rs.100 crore on a private placement basis.

Closure of Sugar Factory at Pudukottai: The Board has decided that the sugar unit at Pudukottai which is not in operation due to continuous non-availability of adequate sugar cane will not be operated in future as the expectation of the revival of cane cultivation in the area is low due to a variety of factors. The Company proposes to transfer assets of the unit to its other units and also dispose other assets as may be deemed appropriate. Kindly note that this is not a Material event as per the Companys Policy for determination of materiality for disclosure of information or events to stock exchanges under Regulation 30 of the SEBI (LODR).

Pdf Link: E.I.D.-Parry (India) Ltd. - Outcome of Board Meeting

Source : BSE - www.bseindia.com

Published on July 29, 2019
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