News Announcement

BSE: Reply to Clarification Sought

BSE:The Exchange had sought clarification from BSE Limited with respect to announcement dated 30-Jun-2018, regarding " BSE Limited has informed the Exchange regarding a press release dated Jun 30, 2018, titled "BSE signs MoU with Bombay Metal Exchange".On basis of above the Company is required to clarify following:1. Any other disclosures related to such agreements, viz., details of nominee on the board of directors of the listed entity, potential conflict of interest arising out of such agreements, etc;2. Whether  the  transaction  would  fall  within  related  party  transactions?  If  yes, whether the same is done at  arms length ;3. Whether,  the  said  parties  are  related  to  promoter/promoter  group/  group companies in any manner. If yes, nature of relationship;4. Significant terms of the agreement (in brief) special rights like right to appoint directors, first right to share subscription in case of issuance of shares, right to restrict any change in capital structure etc.;The response of the Company is attached.

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