With regards to the captioned matter and in compliance with Regulation 30 and Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('the Listing Regulations''), this is to inform you that the Board of Directors of the Company at their meeting held today i.e., Tuesday, March 19, 2024, have inter alia approved incorporation of wholly-owned subsidiary in GIFT City, Gujarat, subject to Regulatory approvals. Further, details required as per SEBI Circular dated July 13, 2023, are attached as Annexure. The Board has also redesignated Mr. Mehul Pandya, Managing Director & CEO, as the Managing Director & Group CEO with immediate effect. The meeting of the Board of Directors of the Company commenced at 10:00 a.m. and concluded at 4:45 p.m. You are requested to kindly take the above information on records.
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