Vimal Oil & Foods has acquired/ purchased 100% equity shares of Brinda Exports. Pursuant to this, Brinda Exports becomes wholly-owned subsidiary of the company. The board of directors at its meeting held on August 27, 2015 has approved for the same.
Besides, during the quarter, the company has sold its investment in Vimal Dairy which was not material subsidiary company. As such, Vimal Dairy ceased to be subsidiary of the Vimal Oil & Foods.
Vimal Oil & Foods has evolved into fully integrated, oil-processing complex that is into seed crushing (200 TPD), solvent extraction (200 TPD) and oil refining (300TPD).