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Pioneer Agro Extracts informs about outcome of Board Meeting

02 Apr 2015 Evaluate

Pioneer Agro Extracts has informed that the Board of Directors of the Company at its meeting held on April 01, 2015, has considered and approved the Board of Directors of the Company has appointed Sanjeev Kumar Kohli as Additional Director in the category of Independent Director on the Board of the Company with immediate effect and the committee of Directors (hereinafter called committee) has started the process of seeking the persons who may acquire the edible oil business of the Company as an inseparable whole on a slump sale basis from last 3 Months but there is no suitable persons have been found who may acquire it on lump sum consideration. The Committee, therefore, decided to sale or transfer of edible oil business in parts to the different persons with separate value being assigned to the different assets either moveable or immovable or liabilities for this sale.

The above information is a part of company’s filings submitted to BSE.

Pioneer Agro Extract Share Price

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