Skypak Service Specialists has informed that the Board Meeting of the Company was duly held on March 26, 2015 to consider and adopt the Scheme of Reduction of Capital as per Section 100 of the Companies Act, 1956 (Section 66 of Companies Act, 2013) recommended by the Audit Committee. The Board will give effect to the Reduction of Capital to the extent of 95% and accordingly file all the papers.
The above information is a part of company’s filings submitted to BSE.