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Outcome of board meeting of Jayaswal Neco Industries

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Capital Market
Last Updated : Nov 29 2016 | 12:03 AM IST

Held on 28 November 2016

Jayaswal Neco Industries announced that the Board of Directors of the Company at its meeting held on 28 November 2016 transacted the following -

Took note of appointment of Baljinder Kaur Mandal as Nominee Director of IDBI Bank with effect from 28 November 2016 in place of P K Das.

Approved dis-investment of share held in Jayaswal Neco Urja, the subsidiary of Company, thereby ceasing the status of holding and subsidiary company.

Considered the proposal for exploring the possibility of hiving off Flat Product Division (which is non-operational) of the Company.

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First Published: Nov 28 2016 | 6:58 PM IST

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