The Board Meeting commenced at 11:00 AM and concluded at 11:20 AM.
The decision has been taken in terms of the SEBI (Delisting of Equity Shares) Regulations, as amended. The rationale for the voluntary delisting from CSE is due to negligible trading volume and to optimize administrative compliance costs.
Please note that the Equity Shares of the Company will continue to remain listed on the BSE Limited, which has nationwide trading terminals. Consequently, no exit option/offer is required to be given to the public shareholders of the Company, as the investors will continue to have a trading platform on BSE.
The Company will proceed to file the formal delisting application with CSE in due course.