Binny has informed that the Board of Directors at their Meeting held on today (18th June 2022) transacted and approved the following businesses, Approved the proposal of the Company for development of its 12.43 acres of land located at No.7, Selva Street, M.M.Nagar Valasaravakkam, Chennai into Residential Apartments on Joint Development (JDA) with Radiance Realty Developers India Itd., Chennai on Revenue Sharing Model, subject to the approval of the shareholders of the Company under section 180(1)(a) of the Companies Act, 2013, through Postal Ballot; and approved the resignation of Madhaneswari Nandagopal (DIN:00303297) as Director from the Board with immediate effect. A copy of her resignation letter is enclosed herewith. The Board placed on record its appreciation for her contribution during her association as Director of the Company.
The above information is a part of company’s filings submitted to BSE.
