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Indag Rubber Ltd. — Regulatory Filings 2022
Feb 10, 2022
62275_rns_2022-02-10_22f45375-2e2a-46be-8225-04b5ba0dd5ac.pdf
Regulatory Filings
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February 10, 2022
BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai-400001
(Company code-1321) (Scrip code-509162)
Subject: Outcome of Board Meeting
Dear Sir,
Pursuant to Regulation 30(6) and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the Board of Directors, in their meeting held on 10[th] February, 2022 (started at IST 16:15 hours), had considered and approved:
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Financial Results for the quarter and nine-months ended December 31, 2021. Limited review has been carried out by the Statutory Auditors.
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Initiate process of voluntary winding up of SUN-AMP Solar India Pvt. Ltd., a non material subsidiary.
It may be noted that since it is not a material subsidiary, it will not impact materially on consolidated financials of Indag Rubber Limited. The details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular No. CIR/CFD/CMD4/2015 dated 9th September, 2015 are enclosed.
The meeting closed at IST 18:25 hours.
The above information is also available on the website of the Company: www.indagrubber.com
This is for your information and records please.
Yours faithfully, For Indag Rubber Limited
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Company Secretary
| Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated **September 09, 2015. ** |
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated **September 09, 2015. ** |
Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular CIR/CFD/CMD/4/2015 dated **September 09, 2015. ** |
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| S.No. | Particulars | Details |
| 1. | The amount and percentage of the turnover or revenue or income and net worth contributed by such unit or division of the listed entity during the last financial year. |
Details of SUN-AMP for FY ended on 31.03.21: Turnover: NIL Revenue: NIL Income: Rs. 13,071 (Total income) Net Worth: Rs. 5,75,71,472 |
| 2. | Date on which the agreement for sale has been entered into. |
Not Applicable |
| 3. | The expected date of completion of sale/disposal. |
Process of voluntary winding-up to be initiated shortly |
| 4. | Consideration received from such sale/disposal. |
Rs.4.49 crores (Repayment of proceeds of Liquidation, after completion of Voluntary Liquidation process) |
| 5. | Brief details of buyers and whether any of the buyers belong to the promoter/ promoter group/group companies. If yes, details thereof. |
Not Applicable |
| 6. | Whether the transaction would fall within related party transactions? If yes, whether the same is done at“arms length” |
Not Applicable |
| 7. | Additionally, in case of a slump sale, indicative disclosures provided for amalgamation/merger, shall be disclosed by the listed entity with respect to such slump sale. For the purpose of this sub-clause, "slump sale" shall mean the transfer of one or more undertakings, as a result of the sale for a lump sum consideration, without values being assigned to the individual assets and liabilities in such sales |
Not Applicable |