Outcome of board meeting of ICDS

Held on 09 August 2016

ICDS announced that the Board of Directors of the Company at its meeting held on 09 August 2016, discussed the Voluntary Delisting proposal of Equity Shares of the Company from Bombay Stock Exchange of India (BSE) and have inter alia to consider following:

1. Considered the proposal for appointment of CS Varsha Agrawal as Company Secretary and Compliance Officer with effect from 09 August 2016.

2. Taken on record and approved, the aforementioned Delisting Proposal pursuant to and in accordance to Regulation 6 & 7 of Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 ('SEBI Delisting Regulations") and amendments made thereof.

 

3. The Company has proposed the delisting of Company's shares from BSE, without giving any exit opportunity to its Shareholders, since the Equity Shares of the Company will continue to remain listed on the NSE Limited, the stock exchange having nationwide trading terminals.

4. The public notice of the proposed delisting will be published in the newspapers in terms of the Securities and Exchange Board of India Delisting of Equity Shares) Regulations, 2009.

5. The Meeting commenced at 4.00 p.m. and was concluded by 5.00 pm.

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