Held on 16 March 2018
The Board of Hindustan Organic Chemicals at its meeting held on 16 February 2018 has approved (in principle and subject to Shareholders'& Government approvals)-i)Sale of 242 acres +/- 10% of Company's land at HOCL Rasayani, District Raigad, Maharashtra, to BPCL;
ii)a) Board of Directors and Shareholders of the Company have already approved during 2017 the sale of 442 acres of land to BPCL. In order that during surveying the said land area, there is likely hood of variation, so Board has approved in this meeting, the variation of 442 +/- 3% of acres of land sale to BPCL
b)It has been observed that some public roads in many survey nos. are also forming part of the said area of land sale of 442 +/- 3% acres to BPCL. Therefore, Board has also approved in this meeting that, an additional area totalling to 7.238 acres of land of public roads will also be sold to BPCL without any additional payment by BPCL to the company
iii) reg. Issue of Postal Ballot Notices to the shareholders.
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