Jyothy Labs Ltd - Acceptance Of Shares Of Jyothy Fabricare Services Limited, Subsidiary Of The Company

The Board of Directors of the Company at its meeting held today have approved to accept 32,40,000 equity shares of Rs. 10/- each from Mr. K. Ullas Kamath and 10,000 equity shares of Rs. 10/- each from Mrs. Gayathri Kamath of Jyothy Fabricare Services Limited (JFSL). By virtue of this transaction, the Company's shareholding in JFSL has increased from 84.18% to 100% and accordingly JFSL has become the Wholly Owned Subsidiary of the Company.