Sanghvi Brands has informed that the meeting of the Board of Directors of the Company is scheduled on 22/01/2020, to authorise Rajesh Bail Srinivas to sign and execute all such contracts/ agreements/ documents as may be necessary or requisite on behalf of the Company; to grant unsecured loan to its joint venture, Sanghvi Brands Beauty & Spa LLC amounting to AED 2,00,000 in one or more tranches; to grant unsecured loan to its wholly owned subsidiary, Sanghvi Brands US Holdings INC. amounting to $50,000 in one or more tranches; and any other item, if any, with the permission of the Chair
The above information is a part of company’s filings submitted to BSE.
