Outcome of board meeting of Chembond Chemicals

Held on 17 November 2017

The Board of Chembond Chemicals at its meeting held on 17 November 2017 has entered into a Share Purchase Agreement (SPA) to acquire the equity shares of Phiroze Sethna. Consequently, the Company has acquired Phiroze Sethna (PSPL) and its wholly owned subsidiary - Gramos Chemicals India (GCIPL).

Post acquisition of abovementioned equity shares, PSPL becomes the wholly owned subsidiary of the Company.

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