S Chand and Company Ltd Approves Investment of Up to Rs. 35 Crores for Potential Acquisition

The Board of Directors of S Chand and Company Ltd approved an investment of up to Rs. 35 crores for a potential acquisition of a company operating in the test preparation segment. The acquisition is subject to the requirements and regulations of 2015 and the provisions of Regulation 30 of Listing regulations read with Part A of Schedule III of the Listing Regulations. The detailed disclosure regarding this matter will be submitted after the execution of necessary definite agreements between the parties.