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IGC Industries informs about board meeting

29 Nov 2024 Evaluate

In accordance with the provisions of Regulation 29 and all other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, IGC Industries has informed that the meeting of the Board of Directors of the Company will be held on Monday, December 09, 2024, to consider and approve proposal for the Swapping of Shares with CNX Corporation: The Board will deliberate on a strategic initiative involving the swapping of shares between IGC Industries and CNX Corporation. This arrangement aims to enhance shareholder value and strengthen the company's market position by leveraging synergies between the two entities. The Board will evaluate the terms and conditions, the share swap ratio, and the benefits associated with this transaction; Authorization to Execute the Transaction: The Board will consider delegating powers to authorized personnel to negotiate, finalize, and execute the transaction and related documents on behalf of the company.

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

IGC Industries Share Price

2.37 -0.01 (-0.42%)
06-May-2026 11:53 View Price Chart
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