Held on 01 December 2014
Binny announced that the Board of Directors of the Company at its meeting held on 01 December 2014, has transacted the following businesses:-1. The Board is informed about the Joint Development Agreement (JDA), finalised by the Company for development of its land for integrated township with M/s. SPR Group on Joint Development Model subject to the approval of shareholders through Postal Ballot.
2. The Board has accorded its in-principle approval for the merger of Mohan Breweries and Distilleries, a Company under the same management along with its Subsidiary, Arthos Breweries with Binny and directed the Company to submit the scheme of merger for final approval.
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