Kothari Sugars And Chemicals Limited has informed the Exchange that the BODs at their meeting held on January 11, 2006, considered and approved the hiving off the chemical business situated at Manali. Kothari Sugars And Chemicals Limited has informed the Exchange that further to the shareholders approval for sale / disposal / hiving off of the company's undertaking engaged in chemicals business to any person / company / Institution by way ordinary resolution through postal ballot, the Company has on April 10, 2006, completed the formalities relating to the transfer of chemical business to M/s Primetra Technologies Private Limited. (As per NSE Bulletin dated on 12/04/2006)