AVI Photochem has informed that the Board of Directors of the Company at its meeting held on November 20, 2014, inter alia, considered, discussed and approved the convened the Extra Ordinary General Meeting of the Company for approval of Scheme of Arrangement for Reduction of Capital of the Company under Section 100 to 104 of the Companies Act, 1956 on December 29, 2014 at 3.00 p.m. at the Registered Office of the Company.
The above information is a part of company’s filings submitted to BSE.