Outcome of Board Meeting

| Updated on March 13, 2018 Published on April 12, 2017

Board carefully examined and decided defocusing in the lending business the same being not the expertise segment of current management, in order to explore core competency of existing promoters and add value to stakeholders growth the board has decided to enter into following segments, subject to necessary amendments in Memorandum of Association & Articles of Association and regulatory approvals if any. ? Catalysts Research ? Intangible Property Rights ? Collaborative Research ? Process Development In order to achieve above objective the board has decided to: ? Surrender NBFC license with Reserve Bank of India subject to regulatory and stakeholders approval ? To Explore possibilities of inorganic growth by way of Acquisition/Merger/Takeover with Research based undertakings ? To Explore possible collaborations with well-known academic institutions

Pdf Link: Outcome of Board Meeting

Source : BSE - www.bseindia.com

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Published on April 12, 2017
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