Arvind Remedies Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2015, has taken the following decisions:<BR><BR>1. Due to issue of further equity shares by Coronet Labs P Ltd, (CLPL) the subsidiary company, the shareholding of the Company in CLPL reduced substantially and CLPL ceased to be subsidiary.<BR><BR>2. It was decided that in the next Board Meeting convened on February 27, 2015, the Corporate Restructuring proposal with Bankers be taken for discussion.
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