Circuit Systems India: Outcome of Board Meeting (Delisting of Equity Shares)

Circuit Systems India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 05, 2015, have taken the following decisions:

1. Taken on record the Promoter?s proposal to delist the Company from BSE, the only stock exchange where the shares of the Company are listed,

2. Appointment of PL Capital Markets Private Limited (?PLCM? or ?Merchant Banker?) as the merchant banker for carrying out due diligence as required in terms of regulation 8(1A)(ii) of the Delisting Regulations,

3. Furnishing the details in terms of regulation 8(1A)(iii) of the Delisting Regulations to the Merchant Banker as and when it is available from the Registrar,

4. The Board will again meet after the receipt of the Due Diligence Report from the Merchant Banker.