Vyapar Industries has informed that a meeting of the Board of Directors of the Company held today, November 16, 2019, has considered and took on record the Intention of Delisting dated November 11, 2019 received from the Promoter and Promoter Group Members of the Company; Considered and appointed Saffron Capital Advisors (Merchant Banker), a SEBI registered Merchant Banker for conducting due diligence as per regulation 8(1A)(ii) of Delisting Regulations. Board also any director of the Company or the Company Secretary of the Company to provide the requisite information to the Merchant Banker for carrying out due diligence as required under regulation 8(1A)(ii) of Delisting Regulations. After the receipt of the due diligence report from the Merchant Banker, the Board will meet again to discuss and approve the Delisting Proposal, if deem fit. Meeting Commenced at 1.30 pm and terminated at 2.00 pm.
The above information is a part of company’s filings submitted to BSE.
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