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Outcome of board meeting of SKIL Infrastructure

Capital Market 

Held on 16 April 2018

The Board of Infrastructure at its meeting held on 16 April 2018 transacted the following -

Approved to extend securities and execute relevant deeds, documents to Smart City Infrastructure (OSCIPL) for the purpose of availing 725 crore (Increase from Rs.150 crore) by them.

Noting that Smart City Infrastructure (NMSCIL) ceased to be a subsidiary company of our company on account of increase in paid-up equity share capital of

Noted that Pipavav Electronic Warfare Systems, a of the company has submitted an application to the of Companies, Mumbai (RoC) for striking-off of the name under the Fast Track Exit Mode. The strikingoff of the said wholly owned subsidiary is not expected to have any material impact on the financials of the Company.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 17 2018. 17:55 IST