Statement of the Board
To, 29th October, 2007 BSE/NSE/PSE
Dear Sir,
With continuing losses in the Company’s Agro-Chemicals segment and based on the Report by a Committee of Directors earlier appointed by the Board, the Board decided at its meeting held on Monday 29th October 2007 to prune the operations of that segment by restructuring it to weed out the loss making activities comprised therein and continuing the remaining activities so as to place the residual activities to yield profits on a sustainable basis. The Board also noted that, to that end, the Company has already undertaken a VRS Scheme which has met with a good response.
Please take the above on record and display the same for the benefit of the investors/members and the public at large.
For Sudarshan Chemical Industries Limited
P.R. RATHI
VICE CHAIRMAN AND MANAGING DIRECTOR
Dear Sir,
With continuing losses in the Company’s Agro-Chemicals segment and based on the Report by a Committee of Directors earlier appointed by the Board, the Board decided at its meeting held on Monday 29th October 2007 to prune the operations of that segment by restructuring it to weed out the loss making activities comprised therein and continuing the remaining activities so as to place the residual activities to yield profits on a sustainable basis. The Board also noted that, to that end, the Company has already undertaken a VRS Scheme which has met with a good response.
Please take the above on record and display the same for the benefit of the investors/members and the public at large.
For Sudarshan Chemical Industries Limited
P.R. RATHI
VICE CHAIRMAN AND MANAGING DIRECTOR