At meeting held on 16 January 2020
The Board of Hil at its meeting held on 16 January 2020 has approved the following -Sale and transfer of the Company's calcium silicate insulation products division operated under the brand "HYSIL" to Calderys India Refractories through a slump sale arrangement on a going concern basis.
Authorised official(s) of the Company to finalize the terms and conditions of the transfer of the HYSIL Business to Calderys India Refractories through a slump sale on a going concern basis, and to execute a business transfer agreement (Agreement) with Calderys India Refractories to capture such terms and conditions.
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