Prakash Pipes has informed about outcome of Extra-ordinary General meeting (EGM) held on 23rd December, 2020. The board has considered and approved issue of 35,00,000 Equity Shares on preferential basis to Promoter(s). The above business was transacted through remote e-voting and voting at the time of EGM as required under the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The detail of voting result as required under Regulation 44(3) of SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015 and Scrutinizer Report will be submitted separately.
The above information is a part of company’s filings submitted to BSE.
