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The Board approved :
A) Collaboration of the Company with a developer engaged in development of group captive solar power project, to avail the power / electricity requirement through solar for the plants of the Company at Sinnar, Nashik. In such a case, the developer would undertake the group captive solar plant project through a Special Purpose Vechile ("SPV") wherein the buyer of the solar power is required to invest in at least 26% of the said SPV. In view of this, the Company will be required to invest in 26% Equity Shares of such SPV.
b) Further investment in to the Equity Shares of Advanced Enzymes Europe B. V., Netherlands, a wholly owned subsidiary of the Company
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