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G.G.Dandekar Machine Works informs about outcome of board meeting

21 Jan 2022 Evaluate
G.G.Dandekar Machine Works has informed that the Board of Directors in its meeting held today, January 21, 2022, Friday has considered, approved and taken on record the following: Based on findings of the appointed Committee and subsequent Audit Committee recommendations, the Board of Directors decided to explore opportunities in Real Estate & Leasing activities and accordingly they have recommended alteration of the Object Clause of the Memorandum of Association of the Company. This will be subject to approval of members of the Company and other approvals as may be necessary; The Board of Directors have recommended investment in securities of body corporates by way of parking of funds not required immediately, in one or more tranches not exceeding Rs 20 Crore in aggregate to ensure that funds are invested appropriately. This will be subject to approval of members of the Company; Approval of the members to be taken as per the provisions of the Companies Act, 2013 and Rules made thereunder and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, for alteration of Object Clause of the Memorandum of Association and investment in securities of body corporates.

The above information is a part of company’s filings submitted to BSE.

G.G. Dandekar Prop. Share Price

62.12 0.00 (0.00%)
16-Apr-2026 16:59 View Price Chart
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