In terms of the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, The India Cements has informed that the Board of Directors at its meeting held today, approved the sale of its entire equity investment held in Industrial Chemicals and Monomers (ICML), a subsidiary of the Company. Upon completion of the said sale, ICML would cease to be a subsidiary. ICML is neither a material subsidiary of the Company nor listed on any Stock Exchange. Disclosure, as required under Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015 is given in Annexure-I. The Board Meeting commenced at 12.00 noon and concluded at 12.25 pm.
The above information is a part of company’s filings submitted to BSE.
