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Bombay Cycle & Motor Agency informs about outcome of board meeting

04 Apr 2025 Evaluate

In compliance with Regulation 30 read with Para A of Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’), read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated 13th July 2023 (‘Disclosure Circular’), Bombay Cycle & Motor Agency has informed that the Board of Directors of the company, at their meeting held today Friday, April 04, 2025, has approved the investment in Equity Shares of Aydi Restaurants India, which owns Pizza chain Restaurants under the Brand Name ‘Si Nonna’s - The Original Sourdough Pizza’. Pursuant to the approval of the Board of Directors, the Company will enter into transaction documents with Aydi Restaurants India. Pursuant thereto, the Company shall invest an amount of INR 4 crores, by way of subscription of 44500 equity shares of Rs 10 Each at a premium of Rs 890 Per Share. The transaction is expected to be completed in over a period of 6 months. The Meeting of the Board of Directors of the Company commenced at 03:10 pm (IST) and concluded at 3.30 pm (IST). The detailed disclosure with respect to the investment as required under Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations and the Disclosure Circular is enclosed as Annexure I. The aforesaid information will also be available on the website of the Company at www.bcma.in.

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


Bombay Cycle & Motor Share Price

1630.05 -54.85 (-3.26%)
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