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Siel Financial Services informs about outcome of board meeting

24 Jan 2022 Evaluate
Siel Financial Services has informed that the Board of Directors of the Company at their meeting held on January 23, 2022, upon recommendation from the Audit committee have approved the Un-audited Standalone Financial Results for the quarter ended December 31, 2021 along with Limited Review Report as on that date. Further, in compliance with the provisions of Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015, the Board of Directors at their meeting held today have decided to takeover / acquire Climax Overseas, a company involved in Involved in manufacturing and exports of Automotive, Defence, Railways & other Industrial Components having its registered office at Delhi and to appoint an Independent Professional to carry out the due diligence of the said company.

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

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