Pursuant to Regulation 30 of Securities & Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, Riddhi Siddhi Gluco Biols has informed that the Board of Directors of the Company in its Meeting held on 24th February has considered and approved to enter into material related party transaction with Subsidiary Company -Shree Rama Newsprint for investment in 10% Unlisted, Non-Convertible, Cumulative, Non- Participating, Redeemable Preference Shares (‘NCRPS’) for an aggregate value not exceeding Rs 400 Crores in one or more tranches pursuant to recommendation of Audit Committee and subject to approval of the shareholders of the Company.
The above information is a part of company’s filings submitted to BSE.
