Chemfab Alkalis Ltd - 541269 - Outcome Of The Board Meeting Held On January 29, 2020
We wish to inform you that, the Board of Directors at their meeting held on Wednesday, January 29, 2020 inter alia have transacted the followings: 1. Approved the Standalone and Consolidated Un-audited Financial Results of the Company for the quarter and nine months ended December 31, 2019. 2. Approved to invest further Rs. 7,85,00,000/- (Rupees Seven Crore Eighty-Five Lakhs only) in the form of equity subscribing 51,70,000 shares @ Rs. 10/- each and in the form of 0.01 % convertible preference shares 26,80,000 @ Rs. 10/- each in its wholly owned subsidiary viz., Chemfab Alkalis Karaikal Limited. 3. Taken note on retirement of Mr. Nitin S Cowlagi, the Chief Financial Officer of the Company w.e.f., 07.04.2020 and approved to appoint Mr. S. Prasath as Chief Financial Officer of the Company post his retirement.29-01-2020