Indian Hotels Company Ltd has informed BSE that a Meeting of the Board of Directors of the Company will be convened on May 26, 2017, for considering the following matters:
1. The Audited Standalone and Consolidated Financial Results for the year ended March 31, 2017
2. Recommendation of dividend for the financial year 2016/17
3. Fund raising options for the Company, as the Board may deem appropriate
4. Scheme of Amalgamation of Tifco Holdings Limited, a wholly owned subsidiary of Company, with the Company, under the provisions of Sections 230 to 232 of the Companies Act, 2013 and other relevant provisions of the Companies Act, 2013, as applicable
Pursuant to the applicable provisions of the Insider Trading Regulations, the Company has intimated its designated employees regarding the closure of the Trading Window from March 24, 2017 till May 28, 2017, for the purpose of adoption of the Audited Annual Financial Statements of the Company for the financial year ended March 31, 2017. The Trading Window shall re-open on May 29, 2017.