Poddar Developers sells its investments in three subsidiaries

Poddar Developers has sold the Investments in three subsidiaries i.e. Poddar Natural Resources and Ores, Poddar Infrastructure and Poddar Leisure Infrastructure at par on September 24, 2015 as approved by the Board of Directors at their meeting held on August 11, 2015. Further, the all three Companies will no longer be subsidiaries of the Company with the effect from September 24, 2015.

Poddar Developers is engaged in the manufacturing Color & Additive Masterbatches for dope dyeing of man- made fibres, various plastic applications and engineering plastics & compounds.