Nirlon has informed that the Audit Committee of the Board of Directors of the Company held on 24th June 2021 have given their approval to the Company to avail certain additional services from Nirlon Management Services (‘NMSPL’) in terms of the Management Services Agreement dated September 30, 2020 entered into between the Company and NMSPL. Since NMSPL is a related party of the Company, the proposal to avail the additional services from NMSPL shall be placed before the Shareholders for their approval. The additional services pertain, amongst others, to making additions and alterations to the Company’s base building project in Phase 5. Further details shall be provided to the Shareholders in the Notice to the Shareholders Meeting at which their approval is sought.
The above information is a part of company’s filings submitted to BSE.
