Jindal Poly Films has informed that the Board of Directors of the Company at its meeting held on September 29, 2015, has considered and approved the proposal to raise funds up to Rs 800 crores by issue of equity shares at such premium as may be decided, on private placement basis, through Qualified Institutional Placement (QIP) or any other permissible mode to meet expansion in the existing business at existing and new location for Inorganic growth opportunities, Value added products manufacturing and related products, Decided to take approval of Shareholders through Postal Ballot (including E-voting) Process for raising the funds and other matters requiring shareholders approval and Amit Jain has been appointed as Non-Executive-Independent Director on the Board of the Company.
The above information is a part of company’s filings submitted to BSE.
