(28-Mar-2016 Hours IST)
Grand Foundry Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 25, 2016, has: -In-principally approved the amalgamation of Grand Bright Bars Limited with Grand Foundry Limited. - Approved the scheme of Amalgamation - Appointed Advocate Monarch Gandhi to file the application and petition with Hon'ble high Court - Approved the Valuation Report given by Thacker Butala Desai. - Appointed Merchant Banker to give his Fairness opinion on Valuation Report.
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