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Pioneer Agro Extracts informs about Outcome of Board Meeting

04 Jul 2015 Evaluate

Pioneer Agro Extracts has informed that the Board of Directors of the Company at its meeting held on July 03, 2015, has considered and approved the appointment of Yudhistar Sharma & Co. Chartered Accountants, Mission Road, Pathankot as Internal Auditor of the company for the F.Y. 2015-2016 pursuant to section 138 of the Companies Act 2013. The committee of directors placed before the board offer received from the Jai Durga Enterprises to purchase all plant and Equipment of the company as scrap, all as were particularly set forth in a certain sale agreement. The Committee of directors also informed that Jai Durga Enterprises has also deposited advance in company account as advance security. In the opinion of Committee of Directors, it is in the best interest of the company and highest value offer among all offers received to the committee.

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

Pioneer Agro Extract Share Price

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