Held on 18 April 2018
The Board of ACC at its meeting held on 18 April 2018 transacted the following -Subject to approval of shareholders, the Board has recommended the renewal of technology and know-how agreement with Holcim Technology, a fellow subsidiary up on its expiry on 31 December 2017 for a period of three years from 01 January 2018 on same terms and conditions.
Pursuant to approval granted by the shareholders through postal ballot for entering into a Master Supply Agreement with Ambuja Cements, the holding company, approved limiting the period of the MSA for a period of three years commencing from the date of its execution. Both companies shall continue to have the unilateral right to terminate the MSA any time during its above term by providing three months' prior notice.
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