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Winsome's Board Approves Closing Bangalore Unit

Jan 13, 2014 2:04 PM   By Jeff Miller
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RAPAPORT... Winsome Diamonds & Jewellery Ltd. informed the Bombay Stock Exchange (BSE) that the board of directors approved closing its Bangalore unit, since operations have ceased at the plant. In addition, when the board met on January 10, it appointed Jaikumar Kapoor and Harimohan Namdev as additional directors of the company. Namdev will be categorized as an independent director, according to the filing.

The board also accepted the December 6 resignation of R. Ravichandran, Winsome Diamonds' director of operations; however, the board stated that he remains an employee of the company.
 

Tags: board, BSE, diamonds, Jeff Miller, jewellery, winsome
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