Sadbhav Infrastructure Project Ltd – 539346 – Outcome of Board Meeting

Source: BSE

Company: Sadbhav Infrastructure Project Ltd

Sub: Outcome of the Meeting of the Board of Directors of the Company held on 10th August 2019.

Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time (“Listing Regulations”) and pursuant to the insider code of the Company, we hereby inform that the Board of Directors of the Company at its meeting held today i.e. 10th August 2019, has considered, inter alia, the following matters:

1. In-principally agreed to explore merger option between Sadbhav Infrastructure Project Limited (SIPL) and Sadbhav Engineering Limited (SEL).
2. Appointment of Valuers and other intermediaries for this purpose. To get a valuation report of both Companies within the next 15/20 days.
3. The board on receipt of the valuation report will study and discuss to set the future course of action.

The meeting of the Board of Directors commenced at 12:15 p.m. and concluded at 01:45 p.m.

Click to View: – Sadbhav Infrastructure Project Ltd

 

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