Ponni Sugars (Erode) has received its board's approval for increasing the aggregate Foreign Portfolio Investment (FPI) limit from 24% to 49% of its total paid-up capital. The Postal Ballot Notice seeking the approval of shareholders through Special Resolution for this purpose has also been approved by the board at its meeting held on December 07, 2015.
Ponni Sugars (Erode) is an efficient and quality producer of sugar, catering to both domestic and international markets. The company is engaged in the manufacturing of sugar and it’s by products. It manufactures cane sugar, cane molasses and bagasse.
