| The fast moving consumer goods (FMCG) major has sent two ordinary resolutions, pertaining to hiving off the units, to the shareholders for their approval. The results of the postal ballot will be announced on December 30. |
| The company intended to transfer the soap manufacturing unit at Sewri to a subsidiary as a going concern. The transfer would be done at the net book value of the assets, plus the actual working capital employed in it. |
| The figure was estimated at Rs 8.79 crore on September 30, 2004 but could undergo a variation depending on adjustments required to be made on the completion of date, the notice sent to the shareholders, said. |
| The soap business brought Rs 225.44 crore to the company in 2003. It sold 384.41 tonne of soap in 2003. |
| The company also intended to transfer the functionalised biopolymers facility at Pondicherry to its subsidiary or sale it off. The transfer, if done to a subsidiary, would be at around Rs 10 crore. |
| "The company believes that the long term viability of the biopolymers business would be best served by aligning to a local or global player for whom starch and allied categories are core business and who is willing to invest in R&D," in order to sustain in the long run. |
| With the tranfer of the functionalised biopolymers facility will disengage the company from the speciality chemical business. |
| The functionalised biopolymers facility had a turnover of Rs 15 crore, Rs 21 crore and Rs 19 crore during the preceding three years. |
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