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Iswarshakti
BSE: 506161NSE: ISIN: INE073I01012

2nd-Nov-2021 16:23Source: BSE

Iswarshakti Holdings and Traders - Board Meeting Outcome for Pursuant To Regulation 30, Read With Schedule III, Of The SEBI Listing Regulations, 2015, We Inform You That The Board Of Directors Of The Company At Its Meeting Held Today Have, Inter Alia

Pursuant to Regulation 30, read with Schedule III, of the SEBI Listing Regulations, 2015, we inform you that the Board of Directors of the Company at its meeting held today have, inter alia, have approved in- principally:

1) The proposal for arrangement for segregating sugar and non-sugar business comprising of real estate, optical, confectionaries and finance.

Appointment of Mr. A. Someswara Rao, Registered Valuer, Hyderabad, has been appointed as the independent valuers to determine the share swap ratio , M/s. Saffron Capital Advisors Private Limited Mumbai have been appointed as merchant bankers and M/s. Deven Dwarkadas & Partners, Advocates and Solicitors, Mumbai have been appointed as legal advisors for the above arrangement.

5) A sub-committee consisting of Mr. Kailashchandra Seksaria (DIN: 00115565), or Mr. Vinay Seksaria, (DIN: 00116652) Director, or Mr. Vivek Seksaria, (DIN:00116698) Directors of the Company to carry on the above arrangement.

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