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EL Forge informs about outcome of board meeting

27 Feb 2018 Evaluate

EL Forge has informed that the board of directors of the company met on Tuesday the 27th February 2018 at 12.00 noon at corporate office of the company and considered Slump Sale of its forging business - Appur Division, on a going concern basis. The Board delegated the powers to the Chairman and Vice Chairman & Managing Director to finalise the Terms and Conditions and all other details and issue necessary Notice to the Shareholders.

The above information is a part of company’s filings submitted to BSE.

Peers
Company Name CMP
Bharat Forge 1943.50
Ramkrishna Forgings 715.95
MM Forgings 613.30
Happy Forgings 2070.60
Balu Forge Inds. 501.30
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