Board of SRS approves future expansion plans

At meeting held on 03 December 2014

SRS announced that the Board of Directors of the Company at its meeting held on 03 December 2014, has taken the following decisions: -

1. For future expansion of its Cinema Business, to make 'SRS Talkies' a Group Company, as its Wholly Owned Subsidiary by acquiring its entire paid-up shares i.e. 50,000 Equity shares of Rs. 10/- each at Par.

2. For future expansion of its Retail Business, to make 'SRS e-Retail' a Group Company, as its Wholly Owned Subsidiary by acquiring its entire paid-up shares i.e. 50,000 Equity shares of Rs. 10/- each at Par.

The decisions have been taken for operational efficiency, better control and specialized management in the business.

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