Held on 25 March 2017
BLB announced that the Board of Directors of the Company at its meeting held on 25 March 2017 approved the following -1. The Board considered and decided to shift the Corporate Office of the Company to H. No. 4760-61, 3rd Floor, Ansari Road, Darya Ganj, New Delhi-110002 with immediate effect.
2. Scheme of Arrangement The Board of Directors of the Company after considering the report of the Audit Committee of the Company, has considered and approved Composite Scheme of Arrangement pursuant to section 230 to 232 of the Companies Act, 2013 for amalgamation of four wholly owned subsidiaries with BLB and subsequent Demerger of Commodities Trading Division and Financial Service Division of the company into newly incorporated wholly owned subsidiary Resulting Company-1 and Resulting Company-2 respectively.
3. The Board considered and decided to incorporate two Wholly Owned Subsidiaries of the Company
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