Maithan Alloys: Outcome of board meeting
13 November 2017
The Board of Directors at their meeting held today i.e. 9th November, 2017 has :
- accorded their in-principal approval to the Executive Directors of the Company to evaluate proposals for expansion by setting up new greenfield ferro alloys project and/or by acquisition of assets of other ferro alloy manufacturing units.
- approved the acquisition of entire equity shares of Salanpur Sinters Private Limited.
The details as required under Securities and Exchange Board of India circular no. CIR/CFD/CMD/4/2015 dated 9th September, 2015 are provided in Annexure A (as enclosed).
- approved the acquisition of beneficial interest in remaining 6 (six) equity shares of Anjaney Minerals Ltd. (a subsidiary of the Company).
Consequent upon such acquisition of beneficial interest, Anjaney Minerals Ltd. shall become a wholly owned subsidiary of the Company.
Source: Moneycontrol
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