-GG Dandekar Machine Works Ltd has appointed Mr. Gurunath Jagannath
Karandikar, Mr. Nihal Gautam Kulkarni, Mr. D R Swar and Ms. Aditi
Chirmule as Additional Directors of the Company with effect from
December 28, 2006. Mr. Gurunath Jagannath Karandikar is also
appointed as Managing Director of the Company with effect from
December 28, 2006.
- The Company has entered into an agreement with M/s. Pusti
Enterprises Pvt Ltd for the sale of unused vacant land admeasuring
30293 sq. mtrs. owned by the Company at Bhiwandi for a total
consideration of Rs 16.29 crores.
- The wholly owned subsidiary Company with the name G G Dandekar
Investments Pte. Ltd., of G G Dandekar Machine Works Ltd. has been
incorporated in Singapore.