Ganesh Benzoplast Ltd board approves job work agreement with subsidiary

The Board of Directors of Ganesh Benzoplast Ltd, at their meeting held today on October 04, 2021, have considered and approved the Job Work agreement and other terms for conducting the chemical business between the parent company - Ganesh Benzoplast Limited and its 100% subsidiary (Wholly Owned Subsidiary) GBL Chemical Limited, without transferring any immovable property owned by the company, as approved by the members in the Annual General Meeting of the company held on September 27, 2021. Further, the date of transaction will be with immediate effect and authorized Mr. Rishi Ramesh Pilani, Managing Director to sign and execute the Job Work agreement on behalf of the company.

Shares of Ganesh Benzoplast Ltd., was last trading in BSE at Rs. 86.9 as compared to the previous close of Rs. 86.3. The total number of shares traded during the day was 18945 in over 406 trades.

The stock hit an intraday high of Rs. 87.85 and intraday low of 86.5. The net turnover during the day was Rs. 1650922.

Source : Equity Bulls

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