Deccan Health Care has informed that the Board of Directors at their meeting has, subject to approval of the shareholders of the Company and requisite approvals from statutory and regulatory authorities, if any, approved and adopted the following matters: The transfer of business undertaking of the Company, Be Young Store E-Commerce Store (hereinafter referred to as Be Young Store) to its wholly owned subsidiary which is in the process of being incorporated; and the notice of Postal Ballot to be issued to the Members of the Company to consider the following matters: Issuance of Warrants to Bennett, Coleman and Company Limited on Preferential Basis; Transfer of Be Young Store e-Commerce Store on a slump sale basis to its wholly owned subsidiary company which is in the process of being incorporated.
The above information is a part of company’s filings submitted to BSE.
