Outcome of Board Meeting

| Updated on January 16, 2012 Published on January 16, 2012

Malabar Trading Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 14, 2012, inter alia, has considered and approved the following:

- Approved the proposal to acquire strategic majority stake in M/s. Protect Nature Private Limited ("PNPL"), a Company engaged in the business of agro food produce, production and process including forward and backward integration including manufacturing of fertilizers. Pursuant to the said acquisition, PNPL would become its subsidiary with substantial holding. The Board has further authorized Mr. M. L. Laxkar, Managing Director to take all steps to complete the acquisition.

Source : BSE - www.bseindia.com

Published on January 16, 2012
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