Arshiya has informed that in the 38th Annual General Meeting (AGM) held on 30th September, 2019 of the Company, the shareholders has approved by passing the special resolutions authorizing the board for the sale of the company’s undertaking in Arshiya Rail Infrastructure and Arshiya Industrial & Distribution Hub Limited (A wholly owned material subsidiary companies). During the current quarter, certain developments have taken place viz. completion of the bidding process for Jewar International Airport and Dedicated Freight Corridors (DFCs) that are coming up in close proximity to the company’s facility at Khurja. The board of directors of the company in their meeting held on Tuesday, the 12 November, 2019 at 03.00 pm has decided to not go ahead with the process of sale. The Board meeting was adjourned from 4.00 pm to 6.30 pm with the consent of all the Directors present at the Meeting.
The above information is a part of company’s filings submitted to BSE.
