The Board of Directors of Spencer's Retail at its meeting held on 17 May 2019 has granted its approval for acquisition of 100% stake in Natures Basket Limited, a WhollyOwned Subsidiary of Godrej Industries (GIL), subject to approval of the Shareholdersof both the Companies.

Operating since 2005, Nature's Basket is a neighbourhood convenience store format groceryretailer which sells products ranging from fresh fruits & vegetables, fish & meat, artisanalbreads, FMCG and staples.

Spencer's Retail, part of RP Sanjiv Goenka Group, is a multi-format retailer providinga wide range of quality products across categories such as food, personal care, fashion, homeessentials, electrical and electronics to its key consumers. Specialty sections such as Spencer'sGourmet, Patisserie, Wine and Liquor, and the recently launched Epicuisine section are someof the key differentiators in our hypermarket stores.

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Godrej Industries announced that the 31th Annual General Meeting (AGM) of the company will be held on 13 August 2019.

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Godrej Industries announced that the Board of Directors of the Company at its meeting held on 13 May 2019, has recommended a Final dividend of Rs.1.15 per share (i.e.115%), subject to the approval of the shareholders.

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Net Loss of Godrej Industries reported to Rs 243.00 crore in the quarter ended March 2019 as against net loss of Rs 48.05 crore during the previous quarter ended March 2018. Sales rose 1.17% to Rs 493.24 crore in the quarter ended March 2019 as against Rs 487.55 crore during the previous quarter ended March 2018.

For the full year,net loss reported to Rs 90.73 crore in the year ended March 2019 as against net profit of Rs 241.51 crore during the previous year ended March 2018. Sales rose 9.48% to Rs 2143.99 crore in the year ended March 2019 as against Rs 1958.33 crore during the previous year ended March 2018.

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