Held on 11 April 2014
The Board of Directors of Shreeyash Industries at its meeting held on 11 April 2014, have approved the following:Appointment of Yezdi Batliwala as an Additional, Non-executive Director on the Board of the Company.
Approved the proposal of acquisition of 51% equity share capital of Manidhari Health Mantra, a Hyderabad based company which is conducting business in Health care. Life Sciences and Agriculture activity in an all cash deal at the price of maximum Rs 10 per share to be acquired by the Company over a period.
The Board authorized Hitesh M Patel, Managing Director, to deal with the said company and to fix up the detailed terms and conditions and to execute any deed or deeds and to settle and pass on the consideration for such acquisition and to get the shares transferred in the name of the Company and to do such other acts or deeds to effectuate the said decision of the Company.
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