BCL Industries informs about outcome of board meeting

27 Feb 2021 Evaluate

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, (the ‘Listing Regulations’), BCL Industries has informed that the Board of Directors of the Company in its Meeting today 27th day of February, 2021, has approved the matter of invitation and acceptance of Deposits in accordance with the provisions of Section 73 to 76 of the Companies Act, 2013 and other applicable provisions; and approved the proposal of raising stake/ shareholding in the Subsidiary Company Svaksha Distillery, from present 51% to upto 75%, in accordance with the provisions of Companies Act, 2013 and at a price as per Registered Valuers Report, subject to necessary approvals, consents and compliances. The Board Meeting commenced at 11.30 am and concluded at 1.00 pm.

The above information is a part of company’s filings submitted to BSE.

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