Pasupati Acrylon has informed that the Board of Directors of the Company at its meeting held on May 20, 2016, has noted that the Company’s CDR tenure ended on March 31, 2016. The Company has paid entire Term Loan and Working Capital Term Loan restructured under CDR; and the Board approved a proposal to diversify into a Flexible Packaging business by installing a 5000 TPA Integrated Cast Polypropylene (CPP) Film Plant.
The above information is a part of company’s filings submitted to BSE.