Ganesh Benzoplast has informed that the Board of Directors of the Company, at their meeting held today on October 04, 2021, considered and approved the Job Work agreement and other terms for conducting the chemical business between the parent company-Ganesh Benzoplast and its 100% subsidiary (Wholly Owned Subsidiary) GBL Chemical, without transferring any immovable property owned by the company, as approved by the members in the Annual General Meeting of the company held on September 27, 2021. Further, the date of transaction will be with immediate effect and authorized Rishi Ramesh Pilani, Managing Director to sign and execute the Job Work agreement on behalf of the company.
The above information is a part of company’s filings submitted to BSE.
