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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