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Board of Excel Crop Care decides to wind up subsidiary in Australia

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Capital Market
Last Updated : Nov 02 2017 | 7:47 PM IST

At meeting held on 02 November 2017

The Board of Excel Crop Care at its meeting held on 02 November 2017 has decided in-principle to wind up or otherwise close down Excel Crop Care (Australia), the Company's wholly-owned subsidiary in Australia.

The major function of the Australian subsidiary is to hold and maintain Product Registrations in Australia in respect of the Company's products. The Company has made alternative arrangement for this purpose. In view of the same, the Board has decided in-principle to wind up or otherwise close down the subsidiary.

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First Published: Nov 02 2017 | 7:28 PM IST

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