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Outcome of board meeting of Binny

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Capital Market
Last Updated : Feb 11 2015 | 8:46 PM IST

Held on 11 February 2015

Binny announced that the Board of Directors of the Company at its meeting held on 11 February 2015, inter alia, has transacted the following business:

- The Board approved the proposal of the Company to enter into an agreement with Mohan Breweries and Distilleries (MBDL), a Company under the same management, for purchase of 7.07 acres of land being owned by them, subject to the approval of the shareholders through Postal Ballot, by way of Special Resolution u/s 188 of the Companies Act, 2013 and Revised Clause 49 of Listing Agreement entered into by the Company with Stock Exchange and applicable Circulars and Regulations issued by the Securities and Exchange Board of India (SEBI).

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First Published: Feb 11 2015 | 6:34 PM IST

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