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Ashok Alco-Chem Ltd.

BSE: 524594 Sector: Industrials
NSE: ASHOKALCO ISIN Code: INE994D01010
BSE 00:00 | 23 Aug 19.75 0.15
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NSE 05:30 | 01 Jan Ashok Alco-Chem Ltd

Outcome of Board Meeting

August 14, 2019, 6:52 pm | Source: BSE | Downlaod PDFDownload PDF

In compliance with the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 (SEBI LODR Regulations) we wish to inform you that the Board of Directors of the Company due to certain business exigencies reassembled today instant approved the following transactions:
1) Approved the draft Asset Purchase Agreement (the said Agreement) for sale of Chemical Manufacturing plant along with the Residential Colony situated at Mahad Maharashtra to be entered between the Company and M/s Yellowstone Chemicals Private Limited Mumbai subject to approval of the shareholders in the ensuing AGM and approval(s) from necessary regulatory authorities.
2.Approved the alteration in Object Clause of the Memorandum of Association of the Company subject to approval of the shareholders in the ensuing AGM.
3 Approved the revised notice convening the 27th AGM of the Company to be held on SaturdaySeptember 28 2019.