Pact Industries has informed that the board of directors at the meeting held today at 2.00 PM considered and approved the issuance of Equity shares on Preferential Basis; the Notice of Extraordinary General meeting to be held on Tuesday, 27th March, 2018 at 11.00 am at the Registered Office of the company; and increase in Authorised Share Capital from Rs 6 Crores to 7 Crores. Also, Looking at the requirement of the company, the Board has withdrawn the Right Issue process of the company in the Board meeting held today ie, 28.02.2018 subject to approval of Shareholders in Extraordinary General Meeting to be held on 27.03.2018.
The above information is a part of company’s filings submitted to BSE.
