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Outcome of board meeting of VHCL Industries

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Capital Market
Last Updated : Jul 30 2015 | 7:28 PM IST

Held on 29 July 2015

VHCL Industries announced that the Board of Directors of the Company at its meeting held on 29 July 2015 transacted the following -

Approved the draft scheme of demerger of the plastic division, on a going concern basis to new listed entity.

Approved selling of non-core assets like windmill and other non-productive investments in order to focus on its core business.

Approved to hold the AGM on 21 September 2015 for seeking approval of members for the above transactions.

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First Published: Jul 30 2015 | 6:13 PM IST

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