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Outcome of board meeting of Indo Amines

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Capital Market

Held on 16 December 2016

Indo Amines announced that the Board of Directors of the company at its meeting held on 16 December 2016 has approved the proposal of updated scheme of Amalgamation between Classic Oil, wholly owned subsidiary of the Company (First Transferor) and Sigma Solvents (Second Transferor) with Indo Amines (Tranferee Company) and their respectively shareholders. The Board also took on record the resignation of Suresh Iyer, Independent Non-Executive Director of the Company with effect from 28 November 2016.

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First Published: Dec 16 2016 | 5:49 PM IST

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