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Outcome of board meeting of Morganite Crucible (India)

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Capital Market
Last Updated : Mar 08 2018 | 9:04 PM IST

Held on 08 March 2018

The Board of Morganite Crucible (India) at its meeting held on 08 March 2018 has approved the following -

Adoption of National Company Law Tribunal in matter of approval of Scheme of Amalgamation of Diamond Crucible Company with Morganite Crucible (India).

The company has signed Union Wage Agreement for a period of 3 years effective 01 January 2018 units 31 December 2020.

The company is evaluating to start trading business for selling of De-gassing machine to the end customers whose Morgan's Degassing Rotor is being used. In this connection, the company has signed Purchase Framework Agreement with Febtech Industries initially for a period of 2 years to diversify the product in Indian and overseas market.

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First Published: Mar 08 2018 | 8:46 PM IST

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