HS India: Outcome of board meeting

H S India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 09, 2015, inter alia, has:1. Approved resignation of Mr. Nimish Shah from the directorship of the Company;2. Concurred with the opinion of the SEBI registered Merchant Banker M/s. Hem Securities Ltd. and declined the amalgamation of Sai Ram Krupa Hotels Pvt. Ltd. with H S India Limited in the best interest of the shareholders of the Company.3. Appointed Mr. Nilkanth Barot as a member of the Audit Committee of the Company;4. Approved minutes of the Audit Committee Meeting.Source : BSE

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