Grandma Trading & Agencies has informed that the board of directors of the company at its meeting held on February 18, 2013, have constituted a committee of independent directors (IDC) pursuant to open offer to provide reasoned recommendations on open offer in terms of Regulation 26(6) of the SEBI (substantial acquisition of shares and takeovers) Regulations, 2011 (SEBI regulations).
Further, Suryakant Rasal is the chairman of the committee and Prabhakar Balu Belnekar is the member of the committee.
The above information is a part of company’s filings submitted to BSE.