At a Meeting of the Directors of the Company held on 16.02.2012 the following businesses have been transacted:
1. The Board of Directors has been reconstituted as follows:
Mr. Chandra K Dhanuka, Chairman
Mr. Pradip K Khaitan, Vice Chairman
Mr. S. Bhoopal
Mr. Akhil Ruia
Mr. Ankit Ruia
Mr. Rajat Agarwalla
Mr. Vinay K. Goenka, Executive Chairman
Mr. S.K.Ghosh, Managing Director
2. Closure of Division
The Board decided for commercial considerations to close down Warren Travels, a Division of the Company with effect from close of business hours of 31st March, 2012.
The Board has approved in principle the demerger of seven tea estates of the Company to a separate company. Detailed approval will be considered by the Board at a subsequent meeting.
4. Disinvestment in Warren Steels Private Limited
The Board decided for commercial considerations to dispose off the Company’s investment in Warren Steels Private Limited.