Ashiana Agro Industries to enter into Packaging related business

Ashiana Agro Industries is planning to enter into Packaging related business very shortly. The new management, who has taken over the company, has the necessary experience and expertise to manage this type of business and make it a success.

In line with this, the company is, proposing a Postal Ballot for taking shareholders’ approval for altering the Objects Clause of the Memorandum of Association so as to enable the company to enter the new business area. The company will comply with SEBI/BSE guidelines and regulations of other Authorities in connection with the alteration/amendment of the Memorandum of Association.

Ashiana Agro Industries is presently engaged in financing activities. It generates income as interest on loans and advances given during the year.