IGC Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/05/2024 ,inter alia, to consider and approve (i) The proposal of investment in Equity Shares of M/s. CNX Corporation Limited via purchase or acquisition of securities from existing shareholders of the M/s. CNX Corporation Limited ('CCL'); (ii) To discuss and approve the proposal for fund raising through Issue of Equity Shares by way of permissible mode (Preferential/right issue) by the company; (iii) Approve appointment of requisite Consultants/practicing professional required for the purpose of abovementioned investment & fund Raising; (iv) Authorise Managing Director & Executive Directors to discuss, deal & negotiate for investment in Equity Shares of M/s. CNX Corporation Limited ('CCL') and to constitute a committee for the same;