Skypak Service Specialists has informed that the Board considered reduction of capital of the Company to the extent of 95% of the paid up capital of the Company and referred the matter for consideration to the audit committee at their meeting scheduled to be held on March 26, 2015 and merchant banker for fairness opinion. The forthcoming Board Meeting scheduled to be held on March 26, 2015 to consider and if thought fit adopt reduction of capital as per the direction of Audit committee. Ramesh Chandra Mishra & his associates, Company secretary in practice appointed to carry out secretarial audit of the Company for the financial year 2015.
The above information is a part of company’s filings submitted to BSE.
