TCM has informed that the Board of Directors of the Company in its meeting held on Saturday, 25th June 2022 has considered and approved the following business: The Board has entrusted the Managing Director to identity a suitable Joint Venture partner, subject to Due Diligence, to develop Company’s Kalamassery land with a view to get maximum value addition to the company; and the land development is to be done by forming a Special Purpose Vehicle or any other suitable entity. The meeting commenced at 10.30 am and concluded at 11.30 am.
The above information is a part of company’s filings submitted to BSE.
