RESPONSIVE INDUSTRIES LTD. - Outcome Of The Board Meeting

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25 Feb 2021
Pursuant to Regulation 30 read with Part A of Schedule III of Securities and Exchange Board of India<BR> (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the<BR> Board of Directors of the Company at its meeting held on Thursday, February 25, 2021 has approved:<BR> 1. Investment in its Indian subsidiary company Axiom Cordages Limited through purchase of its<BR> 104,18,162 no of equity shares in aggregate from Banyantree Growth Capital, LLC (BTC) and<BR> Nederlandse Financierings Maatschappij Voor Ontwikkelingslanden N.V (FMO) held by them in<BR> Axiom Cordages Limited, India. The pre shareholding of the Company is 58.18 % of the total paid up<BR> capital and the post shareholding after purchase is 89.86% of the total paid up capital.<BR> 2. Taken on record the resignation of Mr. Rajiv Kumar Bakshi, Independent Director of the Company<BR> with effect from February 25, 2021 on personal ground.<BR>
View all announcements for RESPONSIVE INDUSTRIES LTD.	Source: BSE India

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