Acquisitions25 Sept 2024, 12:07 am
Gautam Gems Ltd to Invest £100,000 in AG Corporation Ltd, Announces Director Resignations
AI Summary
Gautam Gems Ltd has announced its decision to make an Overseas Direct Investment of £100,000 in AG Corporation Ltd, a company registered in England and Wales. This investment will be used towards the subscription of the Memorandum of Association (MOA) of AG Corporation Ltd, making it a wholly-owned subsidiary of Gautam Gems Ltd. The board also announced the resignation of Mrs. Kanchanben Pravinbhai Sheth, Executive Director, and Prakash Nanalal Mehta, Non-Executive Independent Director. The meeting was held on Tuesday, 24.09.2024, and concluded at 6:15 P.M.
Key Highlights
- Gautam Gems Ltd to invest £100,000 in AG Corporation Ltd
- AG Corporation Ltd to become a wholly-owned subsidiary of Gautam Gems Ltd
- Resignation of Mrs. Kanchanben Pravinbhai Sheth, Executive Director
- Resignation of Prakash Nanalal Mehta, Non-Executive Independent Director
- Investment to be used towards the subscription of MOA of AG Corporation Ltd